T-hub, Uk Fund Pontaq Join Hands To Boost Innovation
- ByStartupStory | July 14, 2022
T-Hub, which oversees the innovation ecosystem in India, announced a partnership with Pontaq, a Cross Border Innovation Fund that finances start-up companies in the technology sector in the UK, India, the United States, and Canada. Through this partnership, T-Hub and Pontaq hope to promote a comprehensive innovation ecosystem in the nation and encourage tech-driven enterprises.
MSR (Mahankali Srinivas Rao), CEO of T-Hub, and Prem Barthasarathy, Managing Partner of Pontaq, signed the agreement of understanding (MoU). The signing happened after the opening of T-new Hub’s innovation campus.
In accordance with this one-year contract, T-Hub will set up a branch in Hyderabad and give Pontaq office space in T-brand-new Hub’s structure, the largest innovation campus in the world.
In order to help the entrepreneurs T-Hub incubates grow into the UK markets, Pontaq will also be an investment partner in the UK-India corridor. The collaboration would provide Indian entrepreneurs access to financial opportunities and link them up with innovative people from across the world.
According to MSR (Mahankali Srinivas Rao), CEO of T-Hub, “This relationship is a testament to our commitment to building a solid financial environment for our entrepreneurs. T-Hub and Pontaq are collaborating to provide funding and growth prospects for entrepreneurs in both the UK and India. We are optimistic that this alliance would enhance India-UK cooperation and encourage the subsequent wave of top IT firms from both countries to serve international markets.”
Prem Barthasarathy, managing partner of Pontaq said, “We are pleased about the potential that lay ahead as part of our growth into Telangana. We are very happy with how quickly the state of Telangana and T-Hub, under the direction of the honourable minister of IT, Mr KT Rama Rao, permitted the entry into Telangana of both our company and two of our portfolio firms, Myneibo and Maxbyte Technologies, all in a matter of six weeks.”
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