Telangana’s startup incubator T-Hub CEO Jay Krishnan has resigned from his position following a board meeting. As T-Hub scouts for its next CEO, the board has appointed Srinivas Kollipara as interim CEO from September 15, 2018. Srinivas is currently the COO of T-Hub.
“We thank Jay for his outstanding contributions during his tenure to bring T-Hub to great heights of success. We wish him the best in his future endeavours. To sustain the great work on startup incubation, corporate innovation and international market access programs, and to lead T-Hub into the next phase of growth, the Board has commissioned a search firm to look for the next CEO of T-Hub,” the Board said in a statement.
Jay will work as an advisor to assist the new CEO during the transition. He is expected to join an investment firm in India, and will continue to provide thrust to the start-up ecosystem in his new role.
Jay Krishnan told TNM that he quit T-Hub due to personal reasons.
“In the interim, Srinivas Kollipara, who was part of the founding team, will take over as CEO along with the able senior management and drive business as usual. We are extremely excited about the opportunities that lie ahead of us with T-Hub and are fully committed to entering the next phase of innovation and growth, taking Telangana to new heights,” the board added.
A serial entrepreneur, Jay Krishnan has been the CEO of T-Hub since it was founded three years ago.
“I am proud to be associated with T-Hub for the last three years. Under my leadership, and with support and guidance from the Board, T-Hub has delivered tremendous value to entrepreneurs, investors and corporates by building a world-class ecosystem. T-Hub has truly positioned Hyderabad as a nerve centre for India’s start-up journey,” Jay Krishnan said.
On taking over as interim CEO, Srinivas Kollipara said, “My mission is to continue the great work we’ve been doing at T-Hub and ensure growth. The team and I are fully committed to continuing to scale T-Hub and continuing to position Telangana as integral to India’s startup vision.”
T Hub is an incubator, but also a unique public-private partnership between the government of Telangana, IIIT-Hyderabad, ISB and NALSAR, and other private sector players.
In July 2015, Jay Krishnan was hired as the CEO and he moved to Hyderabad. He worked as the 'construction manager' for their landmark structure until the official launch of T-Hub in November 2015.