Tech Mahindra: Telangana, Tech Mahindra launch Blockchain accelerator


PUNE: IT services firm Tech Mahindra has launched the T-Block Accelerator, the inaugural accelerator program for the Telangana Blockchain District in partnership with the state government and IBC Media, an innovation management company.

The initiative is aimed at startups that have a strong blockchain use-case, accelerating the growth of start-ups and contributing to overall industry growth.

Jayesh Ranjan, Principal Secretary, ITE&C Department, Telangana, said, “Telangana is committed to its vision of positioning Hyderabad as one of the leading Blockchain cities of the world. … This accelerator will be a torch-bearer to 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.”

Through this initiative, Tech Mahindra, will enable the creation of an ecosystem which will empower startups to solve tough business problems for clients across diverse industry verticals. The Telangana government will help provide the required regulatory framework to enable and promote Blockchain growth.

Rajesh Dhuddu, Global Practice Leader, Blockchain, Tech Mahindra, said, “As part of our TechMNxt charter, we at Tech Mahindra have been bullish in our efforts to expand blockchain adoption in India and globally. Our partnership with the state government for the Telangana Blockchain District stems from our desire to build a world-class support infrastructure for blockchain startups and make Hyderabad a destination of choice among several new-age entrepreneurs and blockchain evangelists.”

The launch of the accelerator is another step by the Telangana government to make the state the ‘Blockchain Capital of the World, it said.

A Memorandum of Understanding (MoU) had been signed between the Government of Telangana and Tech Mahindra to this effect in 2018. The program will be run by IBC Media. “As a company driven by the potential of emerging technologies, sustainable growth and the entrepreneurial spirit, we strongly resonate with the vision of the Telangana government to foster innovation in India and are excited for the possibilities,” said Raghu Mohan, CEO, IBC Media.

The registrations for the T-Block Accelerator opened from February 3, with a one-week boot camp, followed by a four-week-long intensive training programme.

Participating startups will receive mentorship and guidance from leading experts in the startup and blockchain space. The programme includes workshops, presentations, discussions, and assignments designed to impart the practical knowledge required to build relevant blockchain products with real-world applications.

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