The India Blockchain Accelerator, a joint initiative of the Government of Telangana, CoinSwitch, and Lumos Labs, has shortlisted 14 early-stage Web3 startups for the final evaluation of its mentorship and funding program.
The government has taken initiatives to develop an ecosystem for the industry in the state, commented Jayesh Ranjan, Principal Secretary, ITE&C and Industries, Government of Telangana. “Realizing the potential of blockchain technology, government and industry leaders hope to provide participating startups with the opportunity to pilot their solution in Telangana so that they can improve their solution and further contribute to accelerating India’s tech sector. “, he added.
Shortlisted startups are Whrrl, Print2Block, Emertech Innovations Pvt. Ltd, Blockster Labs Private Limited, The-Ally, Karpine, BirthVenue, Autify Network, The Indian Art Revolution (TIAR), Eventozo, Nibiaa Devices Pvt.Ltd., MentorPlus (M+), Konct and NFTready.tech. These startups provide blockchain use cases in fintech, entertainment, sustainability, infrastructure and tooling, agritech, logistics, and healthcare.
The company has announced the shortlist of The India Blockchain Accelerator, said Ashish Singhal, co-founder and CEO of CoinSwitch. “Blockchain has real-world utility and can solve many of India’s problems, be it in healthcare, infrastructure, logistics or finance. We support the Telangana government’s vision to become the blockchain capital of the world and play an active role in building a Web3 ecosystem of cutting-edge technologies and businesses in India, for the world,” he said. He underlines.
“Throughout the period of this program, the spirit of grassroots-stage innovation can be seen. We look forward to the innovation these fifteen startups have showcased and the possibilities they provide for future solutions to come from this ecosystem,” said Kaavya Prasad, co-founder of Lumos Labs.
According to the company, the 14 shortlisted startups will have the opportunity to refine their business idea at the assessment stage and engage with the Telangana government, CoinSwitch and investment partners.