The Indian state of Telangana has released a blockchain accelerator in its just recently produced Blockchain District, in partnership with Tech Mahindra. Selected startups will pitch ingenious concepts and get mentored by specialists from the Telangana federal government, Tech Mahindra, the Ministry of Electronics and Information Technology’s Centre for Development of Advanced Computing, and IIIT Hyderabad.
State Government Launches Blockchain Accelerator
The federal government of the southern Indian state of Telangana has released a blockchain accelerator in collaboration with Tech Mahindra and IBC Media. The “T-Block Accelerator” is the inaugural accelerator program for the recently produced Telangana Blockchain District. IBC Media, a development management business, will run the accelerator. The Hindu Business Line reported:
About 25 startups would be inducted for the accelerator program. Of these, 5 will be picked for the next stage of mentorship.
According to the Telangana federal government’s site, the four-month accelerator program is focused on startups with a strong blockchain usage case. “It is a program that takes seed and recognition level startups with strong organisation and blockchain utilize cases and gets them to an investible phase,” the site explains. “Selected startups will have a chance to pitch ingenious concepts and get mentored by specialists from the federal government of Telangana, Tech Mahindra, C-DAC [Centre for Development of Advanced Computing] and IIIT Hyderabad.”
The registrations for the T-Block Accelerator opened on Monday with a one-week bootcamp, followed by a four-week extensive training program. “The startups will get mentorship and assistance from leading specialists in the start-up and blockchain area. The program consists of workshops, discussions and conversations,” stated Rajesh Dhuddu, Tech Mahindra’s Blockchain Global Practice Leader. He was more priced quote as stating:
The T-Block Accelerator intends to bridge this space and take seed and recognition level startups with strong organisation and blockchain utilize cases.
Telangana Government’s Blockchain District
The Telangana state federal government signed an arrangement with Tech Mahindra in 2018 to establish a blockchain district community. Dhuddu said, “Our collaboration with the Telangana federal government for the Blockchain District comes from our desire to construct a first-rate assistance facilities for blockchain startups.”
Jayesh Ranjan, the principal secretary of the Telangana federal government’s ITE&C Department, in-depth: “Blockchain District supplies a platform which makes it possible for the stakeholders to team up, co-create and construct services in blockchain innovation, which today is at a nascent phase, however has massive capacity in the coming years.” He was priced quote by the Express News Service on Wednesday as stating:
Telangana is devoted to its vision of placing Hyderabad as one of the leading blockchain cities on the planet. We more than happy to set in movement the very first edition of the T-Block Accelerator program.
Last week, the Indian National Institute for Smart Government released a draft “National Strategy on Blockchain.” The institute was entrusted with preparing the policy by the National e-Governance Division, under the Ministry of Electronics and Information Technology (MeitY). Then today, Niti Aayog, the Indian federal government’s policy think tank, released a technique file recognizing a number of essential locations where India might gain from blockchain innovation.
What do you consider the Telangana federal government’s blockchain accelerator and its Blockchain District? Let us understand in the comments area below.
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