The Telangana Blockchain District, anchored by the state government and Crypto unicorn CoinSwitch Kuber, inaugurated the India Blockchain Accelerator on Friday after successfully founding and supporting eight creative firms in the inaugural edition of the T-Block Accelerator.
This second round of the accelerator programme aims to strengthen India’s growing blockchain startup ecosystem and maintain its commitment to encourage the development of a “Blockchain Ecosystem of the Future” in the country.
This accelerator will aim to support and equip innovative deep-tech blockchain startups with expert guidance and government accreditation, according to a release. It was launched in partnership with Lumos Labs, a technology innovation management firm with expertise in running blockchain-based open innovation programmes in India.
Nervos Network, Stellar, Streamr, Filecoin, and Neo Protocol as platinum sponsors, investment partners Lightspeed and Woodstock Fund, incubator partner Buidlers Tribe, and programme partners, Guwahati Biotech Park, an Assam government-led platform dedicated to accelerating entrepreneurship and technological development in Northeast India, and Microsoft for Startups are among the global industry players supporting this accelerator.
This four-month accelerator will be available to early stage Web2 and Web3 firms, as well as blockchain developers, who have innovative blockchain solutions that solve real-world challenges.
Fintech, Entertainment, Sustainability, Infrastructure and Tooling, Agritech, Logistics, and Healthcare are some of the tracks where solutions might be found. In addition, the programme will include a variety of seminars, meetings, mentorship, and training programmes to ensure that the businesses expand holistically with the necessary assistance and resources.
For their innovative ideas, the participants will be eligible for government certification, incubation space, ecosystem support, and go-to-market assistance. The firms will also get the opportunity to raise a pre-seed/seed investment of over USD 700,000 from Lightspeed and Woodstock Fund, respectively.
