Hyderabad: The second phase of the T-Hub, an initiative by the Telangana government for startups, is expected to be completed in the second half of this year, said the newly appointed chief executive officer of the incubator Ravi Narayan on Tuesday.

Narayan told reporters that he has a three-pronged strategy for the next level of development of T-Hub: Access to global markets for funding the entrepreneurs, corporate connect and technology exchange between startups and premier institutions in the city.

Replying to a query, Narayan said a model of the study on virtual assistance for startups has been taken up.

The government had said the second phase would be taken up at an investment of Rs 150 crore on a built-up area of three- lakh square feet.

T-Hub is a public-private partnership between the government and academic institutes such as IIT-Hyderabad and the International School of Business.

On the appointment of Narayan as the CEO, principal secretary, industries and IT, Telangana, Jayesh Ranjan said as a leader in the global startup ecosystems, entrepreneur and founder of three successful product companies, Ravi brings the acumen and vision needed for growth in the innovation ecosystem.