New accelerator and Incubator in Hyderabad
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HyperCat, a London-headquartered consortium of companies for the Internet of Things industry (IoT), launched a new accelerator and incubator last week in Hyderabad. The project is in conjunction with the Indian government, several UK agencies and the University of Surrey. With a partnership between British and Indian companies and agencies, the new centre aims to increase IoT penetration in India. The Hyderabad hub was opened in a formal ceremony led by British Deputy High Commissioner in Hyderabad, the MD at Flexeye India; and the CEO of Flexeye. Other technology partners with HyperCat supporting the centre are BT, KPMG, and TechMahindra. Hyderabad was chosen as a location because of the important and growing tech cluster there, especially in Tech City with its excellent skills base. It is also a good location to engage with and involve Indian startups. The centre will provide a course in smart cities designed in partnership with the University of Surrey, one of the founding members of HyperCat. The incubator will focus on access to potential investors while the accelerator will try to provide quick access to emerging opportunities in the smart city market.