India Blockchain Accelerator launched in Hyderabad

India Blockchain Accelerator launched in Hyderabad

Hyderabad, Dec 17 (UNI) After successfully launching and supporting eight innovative startups in the first edition of the T-Block Accelerator, the Telangana Blockchain District, anchored by the state government and Crypto unicorn CoinSwitch Kuber has launched India Blockchain Accelerator here on Friday.
This second edition of the accelerator program is aimed at empowering the thriving blockchain startup ecosystem in India and sustaining its commitment to foster the creation of ‘Blockchain Ecosystem of the future’ in India.
It was launched in partnership with Lumos Labs, a technology innovation management firm with expertise in running blockchain-based open innovation programs in India, this accelerator will aim at supporting and equipping innovative deep-tech blockchain startups with expert guidance and government accreditation, a release said.
This accelerator is further supported by global industry players-- Nervos Network, Stellar, Streamr, Filecoin, and Neo Protocol as platinum sponsors, investment partners Lightspeed and Woodstock Fund, Incubation partner Buidlers 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.
This four-month-long accelerator will be open to early-stage Web2 and Web3 startups and blockchain developers with interesting blockchain solutions solving real-world problems across multiple identified tracks.
The solutions could vary across the various identified tracks which include 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 a holistic growth of the startups 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 startups also stand a chance to raise a pre-seed/seed investment of over USD 700,000+ from investment partners Lightspeed and Woodstock Fund.

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