- June 29, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
Section: Indian Economy
Why in the news?
Telangana Chief Minister K Chandrashekar Rao has inaugurated T-Hub 2.0, the world’s biggest innovation campus, with an aim “to incubate the next generation of start-ups” that could become strong pillars of the country’s economy.
- The T-Hub (Technology Hub) was established in 2015, at IIT Hyderabad.
- T-Hub (Technology Hub) is an innovation intermediary and business incubator based in Hyderabad, Telangana, India.
- It is based on the triple helix model of innovation
- It is a partnership between the Government of Telangana, three academic institutes in Hyderabad (the International Institute of Information Technology, the Indian School of Business and the National Academy of Legal Studies and Research) and the private sector.
- T-Hub provides Indian and international startups access to technology, talent, mentors, customers, corporates, investors, and government agencies.
- T-Hub also helps state and central government organizations build innovation ecosystems.
The T-Hub 2.0
- It has been set up at Raidurg in Hitec City.
- It has been constructed with a total built-up area of more than 5.82 lakh square feet. It is thus the largest innovation campus worldwide.
- Second largest innovation campus is “start-up incubator Station F” in France.
- T-Hub 2.0 will act as a microcosm of the innovation ecosystem. It will house over 2,000 start-ups, corporates, academia, investors, and national & international ecosystem enablers.
- Telangana government has invested over Rs 276 crore on the facility.
- It will offer various programmes for start-ups as well as forged associations with various companies and likeminded organisations worldwide.
The triple helix model of innovation
- It refers to a set of interactions between academia (the university), industry and government, to foster economic and social development, as described in concepts such as the knowledge economy and knowledge society.
- In innovation helical framework theory, each sector is represented by a circle (helix), with overlapping showing interactions.
- The framework was first theorized by Henry Etzkowitz and LoetLeydesdorff in the 1990s.
- Interactions between universities, industries and governments have given rise to new intermediary institutions, such as technology transfer offices, science parks etc