Hyderabad: Even when the center is set to spell Crypto regulations, the Telangana Government attracts all stops to make the right ecosystem for the startup blockchain to develop in the state.
After launching and supporting eight startups in the first edition of the T-Block Accelerator ‘, Telananga Blockchain district and Crypto Unicorn Coinswitch Kuber on Friday launched the second cohort of this program– The Indian Blockchain Accelerator – which is supported by the many partners.
The four-month program, which is open for the initial Web 2 and Web startup, will allow Blockchain entrepreneurs to secure government support, incubation space, grants and guidance.
This startup will work on Blockchain solutions that solve real-world problems in all areas such as Fintech, Entertainment, Agritech, Logistics and Health, among others.
Startup also has the opportunity to collect investments of more than $ 700,000 from Lightspeed investment partners and Woodstock funds.
Commenting on Development, Telangana, and Secretary of the Head of Industrial Secretary, Jayesh Ranjan, said, “Telangana is committed to its vision to lead Blockchain innovation in India …
through the program, we hope to provide opportunities for their startups in Telangana so that they can improve their solutions and Further contributing to the Indian technology sector that accelerates.
“Ashish Singhal, Founder and CEO, Coinswitch Kuber shows that the best global startup tomorrow will run on Blockchain Web3 infrastructure, and some of these startups will come from India.
In fact, in 2019, the Telangana Government formed a platform, ‘Telananga Blockchain’ district which helped stakeholders to collaborate and build solutions in Blockchain technology.
Along with the state government, IIith, C-DAC and Tech Mahindra are members of the founder.
They work on the development of protocols, incubation, acceleration, skills development and in identifying various cases of use and building concepts in various fields.