Hyderabad:  Plug & Play Tech Centre CEO Saeed Amidi has announced its first centre will officially launch in first week of December in Hyderabad. Telangana IT & Industries Minister KTR met the company leadership team in Paris and discussed to set up their centre in Hyderabad.

IT Minister KTR welcomed this development and termed it as a great boost to the innovation ecosystem in Telangana which is prominently known for the T – Hub, the India’s largest start-up incubator.

We have been able to attract several major investments in the Mobility sector in the recent past including ZF, Fiat Chrysler/Stellantis, and are in the process of creating a world class Mobility ecosystem in partnership with several OEMs and Tier-I suppliers, he said.

The proposed centre in Hyderabad, Plug & Play will be focusing on building the ecosystem for mobility, Internet of Things (IoT), energy, and infrastructure. The next step would be to expand to fintech and life sciences/healthcare.

Seattle based Triangulum Labs, a Venture Foundry will be partnering with Plug & Play Tech Centre in Hyderabad to run the incubation for the IoT and Smart Cities. The main goals for the Plug & Play in India would be to build India’s best and biggest hub for start-ups, corporates and investors, partner with leading corporations from India and internationally to accelerate their start-up collaboration and become the gateway for Indian start-ups to work efficiently with leading corporations and be able to expand internationally through PnP network.

It aims to become a platform where innovative cutting-edge solutions can be developed through cross-collaboration and enable know how transfer internationally. Plug & Play will also invest in Indian start-ups and introduce its network of leading international venture capitalists. Plug & Play Tech Center is the world’s largest early stage investor, accelerator, and corporate innovation platform with global headquarters in Sunnyvale, California in the Silicon Valley.
According to the IT Minister KTR office statement at Hyderabad, the meeting was held on the sidelines of the Ambition India event hosted by the French Government and Business France at the French Senate in Paris. The Plug & Play MD & Co-head EMEA from the Paris office, Omeed Mehrinfahr, MD Germany & Startup Autobahn from the Stuttgart Centre, Sascha Karimpour and Program Director Startup Autobahn Hannah Boomgarden, met the Telangana government’s delegation led by Rama Rao.

Plug & Play’s network includes over 35,000 vetted start-ups globally in its Playbook and 530 world-leading corporations, and 1,500 active portfolio investments as on date that have raised $9 billion in venture funding. It has 37 offices worldwide including Silicon Valley in the US, Stuttgart in Germany, Paris, and Osaka in Japan, Shanghai in China, Valencia in Spain, Amsterdam, and several other countries.

Plug & Play has accelerated 2,056 start-ups and made 162 strategic investments in 2020. It is the early investor in Google, PayPal, Drop box, Lending Club, N26, Sound hound, Honey, Kustomer, and Guardant Health.

We like to focus on the topics Mobility in Hyderabad, IoT, Energy and Infrastructure and in the next step, possibly expand to Fintech and Health. For each of these verticals we will invite leading industrial companies from India and PnP’s international network (500 leading international companies) to help accelerate innovation efforts, said Mehrinfahr.