T to configure the Blockchain focused incubator
Hyderabad: The Telangana government plans to establish a dedicated incubator for new companies that work in the area of technology in partnership with some of the city's main educational institutes, such as IIIT-Hyderabad and Indian School of Business in the coming days, he said a senior official of the Telangana government here on Monday.
We have developed 12 use cases in which Blockchain technology can be used to solve some of the problems that citizens face ... in the next few days we will present multiple initiatives, such as the creation of an incubator, Rama Devi, official of special service (OSD), said the department of ITE&C outside the launch of T-Block, an accelerator program.
The Telangana government has joined Tech Mahindra to implement the T-Block that will nurture new companies that have a strong case of blockchain use to expand their operations.
Registration for T-Block, which opened on Monday, will be followed by a one-week training camp and a four-week training program. Participating startups will receive mentoring and guidance from experts in the startup and blockchain space.
According to the Nasscom Avasant India Blockchain 2019 Report, new Indian companies have only taken advantage of 0.2% of the increase in Blockchain investment. T-Block aims to close this gap and take new seed level and validation companies with solid business and blockchain use cases, and take them to an investment stage.
Rajesh Dhuddu, global practice leader (Blockchain), Tech Mahindra, said Tech M would also be open to collaborating with selected startups at a later stage.
Jayesh Ranjan, chief secretary of the ITE&C department, said: T-Block Accelerator will be a torchbearer for multiple future Blockchain accelerators in the country and we are excited to partner with Tech Mahindra to identify and promote innovative Blockchain-based solutions to solve real world problems.