JIIF Investor Conclave kicked off at T-Hub

Hyderabad: JITO  Incubation & Innovation Foundation (JIIF) an arm of JITO (Jain International Trade Organisation,  a unique, multi-stakeholder community of visionary Jain Industrialists, Businessmen & Professionals organised the Two Day 6th Annual Conclave & Foundation Day at Hyderabad at T-HUB at Madhapur.

It was formally inaugurated at T-Hub on Saturday and will conclude on Sunday.

Addressing the 400-plus delegates from across India, Dubai, Singapore and other places, Jayesh Rabjan, who was the guest of honour said you made a wise decision by hosting it at T-Hub instead of Mumbai.  Hyderabad and T-Hub are the Mecca of Entrepreneurship.  The dreams take shape here.  Unlike popular belief that Governments should not involve in running businesses, Telangana Government changed the narrative to create the marvel that fosters entrepreneurship in the state.  T-Hub is a jewel in our crown. Besides T-Hub, we have 70 other innovative spaces in the city. 

One policy feature of the Innovation policy of this state is that if startups have any products that are relevant to the government, the government will become their first customer and procure their products without going through the set government procedures. This worked well for us. Sixty such products were procured in the last 9 years since the policy came into existence, he told the hall-packed audience.

Jains were the first non-native community that migrated to the city during the rule of the 4th Nizam.  Since then Jains contributed to the progress of the state.

He gave three suggestions to Jain entrepreneurs. One is to provide more corporate opportunities to the startups incubated in T-Hub. Two take time out to mentor them. Three is to partner with T-Hub to further strengthen our innovation and entrepreneurial ecosystem. 

M. Srinivas Rao Mahakali, CEO of T-Hub gave an overview of the T-Hub, its journey and activities.  Currently, it incubates 300 startups and when it becomes fully functional it can incubate 700 startups in 30 different sectors,  which in funding raised 2 billion US $.  In the past  8 years of the T-Hub journey, it helped 1200 startups.  Many hit movies in the recent past were made here in the city like Pushpa, Bahubali, RRR and others.  So in support of the entertainment industry, we are coming up with an Image Tower next to T-Hub, which will be ready by next year. 

An MoU was signed and exchanged between T-Hub and JIIF in the presence of M. Srinivasa Rao Mahakali, CEO of T-Hub.  This MoU was entered for mutual cooperation and collaboration in strengthening the entrepreneurial ecosystem. Rajath Mehta and Rajesh Jain and M. Srinivasa Rao Mahakali participated in the event

During the inaugural JIIF and JITO launched the world’s first SKILLATHON. It is a skilled marathon.  Youth can master 108 skills for Rs 108 in Just 7 days virtually.  And it was launched on World Skills Day which is observed on the 15th of July.  It is a unique learning marathon. Its primary objective is to provide easy access to learning different skill sets to people from various backgrounds, regardless of their age, gender and educational qualification, informed Rishab Sawansukhla, Chairman of Centre for Excellence.

Abhaya Srisrimal, President of JITO Apex said this conclave which is the sixth edition was designed keeping in mind to inspire, nurture and celebrate the spirit of entrepreneurship. He also announced that JIIF is also setting up a Research Arm to reinvent and reorient entrepreneurs.  He informed that JITOEntreprenerus is the platform that has listed 750 business ideas.  Members can check them and choose the business ideas most suitable for them to launch their entrepreneurial journey. 

Rajath Mehta, Chairman of JIIF said T-Hub is the best alternative venue for JIIF Conclave outside Mumbai.  Our visionary thought process is Learning, Earning and Returning.  JIIF has incubated 55 companies out of which 27 are doing well. Rs 150 crore was invested in 70-odd early-stage startups. He said that JITO Shark Angel 2nd edition would be launched during the conclave. The aim of JIIF is to create world-class entrepreneurs and investors. 

Sushil Sancheti, Chairman of JITO Hyderabad Chapter said that the conclave is being hosted in collaboration with TNAPTS Zone(Tamil Nadu, Andhra Pradesh and Telangana).

The theme of the investor conclave and founder’s day is Ignite Success

The 2-day event consists of a series of events.  The event will include a speaker and group sessions comprising Jain Unicorns and other renowned speakers and panellists. Apart from this, there will be more than 30 start-up companies which will demonstrate their products and technology at the event. A shark tank where the Jain Unicorns will become the sharks and 4 companies will make a pitch for funds is also being planned. 

More than 400 participants including about 200-250 investors are taking part.  The event is expected to provide an opportunity for investors across the country to network and also for the incubated companies to showcase their potential. 

JIIF (Jito Incubation & Innovation Foundation) is an arm of JITO which mentors talent in the start-up industry via mentoring, incubation and funding. The aim is to nurture entrepreneurial talent and provide an avenue for them to grow. JIIF also runs the JITO Angel Network (JAN) which has been voted amongst the top 13 Angel Networks & incubators by INC42 in 2023. It was awarded the Best Angel Network by Venture Intelligence in 2022. 

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