Trending

Stories

India Blockchain Accelerator Launched to Boost Startup Ecosystem

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Telangana Blockchain District, anchored by the state government and Crypto unicorn CoinSwitch Kuber, on Friday announced the launch of the India Blockchain Accelerator aimed at empowering the thriving blockchain startup ecosystem in India.

After successfully launching and supporting eight innovative startups in the first edition of the T-Block Accelerator, the Telangana Blockchain District announced the India Blockchain Accelerator in partnership with Lumos Labs, a technology innovation management firm with expertise in running blockchain-based open innovation programs in India.

Also Read

This accelerator will aim at supporting and equipping innovative deep-tech blockchain startups with expert guidance and government accreditation.

This accelerator is further supported by global industry players Nervous Network, Stellar, Streamr, Filecoin, and Neo Protocol as platinum sponsors, investment partners Lightspeed and Woodstock Fund, incubation partner Builders Tribe and program partners, Guwahati Biotech Park, an Assam government-led platform dedicated to accelerating entrepreneurship and technological development in northeast India, and Microsoft for Startups.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

This four-month-long accelerator will be open to early-stage Web2 and Web3 start-ups and blockchain developers with interesting blockchain solutions to solving real-world problems across multiple identified tracks.

The solutions could vary across the various identified tracks, including fintech, entertainment, sustainability infrastructure and tooling, agritech, logistics, and healthcare. Furthermore, the program will be interspersed with numerous workshops, meetups, mentorship, and training programs to ensure the holistic growth of the start-ups with the right guidance and tools.

The participants will be eligible for government accreditation, incubation space, ecosystem support, and go-to-market support for their potent solutions. The start-ups also stand a chance to raise a pre-seed/seed investment of over $700,000 from investment partners Lightspeed and Woodstock Fund. These investments are contingent on the due diligence process and investment thesis fits with refusal rights afforded to both the funds and the founders.

The launch event was organized at T-Hub Foundation, IIIT-H Campus in Hyderabad with representation from the government bodies, global blockchain industry leaders, start-ups, and members from the developer community.

Telangana’s Principal Secretary, ITE&C and Industries, Jayesh Ranjan, CoinSwitch Kuber Founder, and CEO Ashish Singhal, Lumos Labs Co-Founder Kaavya Prasad, and others attended the event.

According to the NASSCOM Cryptotech Industry in India report, the crypto tech industry has expanded over 39 percent in the last five years. Apart from having a robust blockchain space, the technology and entrepreneurship sectors in India to have witnessed significant growth with more than 230 crypto tech startups and 34 Indian companies gaining unicorn status in 2021 itself according to the Venture Intelligence Unicorn Tracker.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly 
OpenAI Releases Tool To Detect AI-generated Text Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors