Why new startups are homing in on old-economy hubs - News Summed Up

Why new startups are homing in on old-economy hubs


Genome Valley is a high-technology business district spread across 600sqkm in Hyderabad and is estimated to house over 200 life sciences companies. "While T-Hub focuses on tech and tech-enabled startups, it is home to many medtech start ups, including Monitra and Doctornull. But investors say startup success is about tapping into the existing expertise in a city and that deserving startups will always find backers. Sanjay Swamy, managing partner at Prime Venture Partners, says startups need to leverage existing strengths rather than creating skillsets from scratch. "A startup like Team Indus has benefited from the rich pool of ISRO talent that exists in Bengaluru," Swamy says.


Source: Times of India December 02, 2017 22:30 UTC



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