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'T-Works' expected to come up by next year, says KTR

Press Trust of India  |  Hyderabad 

IT and Industries Minister K T Ramarao today said 'T-Works', an incubator for e-hardware startups, is expected to come up by the next year.

Speaking at the '17th Design Summit' organised by here, the Minister said "T-Works will allow entrepreneurs to collaborate and create new offerings in the filed."

He said currently, collaboration and open sourcing are making an unprecedented opportunity available for hardware entrepreneurship as it did for software based entrepreneurship a few years ago.

The two-day summit is organised by Confederation of Indian Industry along with the National Institute of Design and the

The minister also gave away the Design Excellence Awards 2017 to the winners.

Naushad Forbes, Immediate Past President of CII, and Chairman of Design Council quoting statistics said produces hardly about 5,000 designers every year whereas South Korea with just 3 per cent of India's population produces around 25,000 designers per year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 18:50 IST