Hyderabad: Hyderabad will be hosting a two-day start-up festival in August, which would bring together entrepreneurs and investors on a common platform, said K. T. Rama Rao, the IT and panchayat minister.

“We want to encourage start-up firms by creating one of the best enabling ecosystems in the country. As part of this, we are going to organise a two-day start-up festival on August 30-31 in partnership with Hysea, TiE Hyderabad and Nasscom at ISB,” said the minister, addressing 200 startup entrepreneurs who participated in a cycle rally organised by the Atlanta Foundation on Saturday.

The event is expected to attract 1,500 start-ups, mostly from Hyderabad. The theme would be Art and Entrepreneurship. Mr Rama Rao observed that Hyderabad is lagging behind Bengaluru because it lacks enabling ecosystems. In order to address this deficiency, the minister said the T government is planning to set up T-Hub (tech hub).

“We are planning to set up a T-Hub this year by making use of IIIT, ISB and Nalsar. IIIT would mentor start-ups in technology, ISB will help in business processes and Nalsar would guide in intellectual rights,” he said.