CIES will work with ecosystem stakeholders to increase the success of startups focusing on innovation and entrepreneurial skill sets
Updated on – 20:32, Thu – 16 Mar 23
CII-CIES launched at T-Hub. Photo: Twitter
Hyderabad: The Confederation of Indian Industry (CII) launched its Center of Excellence for Innovation, Entrepreneurship and Startups (CIES), which offers plug and play workplaces, ideation labs, mentorships and innovation labs at T-Hub here on Thursday.
The 200-seater world-class facility was set up in collaboration with the Telangana government and the Pratiksha Trust. CIES will work with ecosystem stakeholders to increase the success of startups focusing on innovation and entrepreneurial skills.
The center will also work with startups to create, incubate and accelerate long-term corporate office and family office engagements. The launch of the center also led to the exchange of MOUs for Corporate Accelerator programs with Apollo Hospitals, Elico Ltd, Skoda Auto and Vedanta.
CII launched the CIES initiative in 2020 as a business-driven resource platform to enable the growth of successful start-ups in India.
Inaugurating CIES, Principal Secretary (IT) Jayesh Ranjan said, “Eight years ago, the Telangana government very consciously decided to make Hyderabad a startup hub and has taken many concrete steps towards this journey. As envisaged, CIES will become a cornerstone of the Startup movement.”
CK Ranganathan, Chairman, CII Startupreneur Awards 2022 said the CIES model would not only be about helping startups but would also be a win-win partnership enabling mutual learning for companies while startups get the right mentorship.
CII Southern Region and Co-Founder & MD, Bharat Biotech, Suchitra Ella, Apollo Hospitals Executive Vice Chairman Shobana Kamineni, CIES Chairman Kris Gopalakrishnan and others also spoke.