We’re bringing the best of startup enablement for innovators in India’s Web3 space with the India Blockchain Accelerator

We are excited to launch the India Blockchain Accelerator (IBA) to bring the best opportunities to innovators looking to scale up in the Web3 space. Backed by CoinSwitch Kuber and the State Govt of Telangana’s Telangana Blockchain District, IBA is looking forward to supporting innovators who will strengthen India’s innovation index in the Web3 space.

Get to know the Accelerator

After the success of the T-Block Accelerator programme where eight startups made the cut out of 150+ startups applying from various sectors, IBA is an initiative that is focused on propagating a vision to elevate India’s startup ecosystem. To meet this end, IBA will support participants with the following offerings:

• Funding from major investors
• Accreditation from the State Government of Telangana
• Mentorship from leading experts
• Go-to-market support to access global communities

IBA is open to startups, students, developers, and innovators with blockchain solutions that have real applications to everyday challenges.

They will be invited to participate in the following tracks:

• Biotech
• Fintech
• Entertainment
• Sustainability
• Infrastructure and tooling
• Agritech
• Logistics
• Healthcare

For their robust solutions, the participants will also be aided by partners — Guwahati Biotech Park and Microsoft for Startups for ecosystem assistance.

Additionally, to ensure that participating innovators can get the best technical support, we have forerunners in the blockchain space — NEO, Nervos Network, Stellar, FileCoin and Streamr, joining IBA to provide platform support and guidance. Standing on the shoulders of giants, we’re certain that the participants will have an opportunity to build great versions of their products.

Our Dynamic Initiative

In recent years, the blockchain industry has witnessed significant growth and is steadily conquering the mainstream markets. Lumos Labs aims to expand the creative grassroots of emerging startups in the Web3 landscape by providing the right opportunities and working with stakeholders who have a shared vision.

“We expect to see unique, genius solutions emerge from the India Blockchain Accelerator which will aid our efforts. With the correct direction, tools, training, and experts on board, we’re excited to assist these entrepreneurs in achieving their goals as well, “ Kaavya Prasad — COO of Lumos Labs remarked. Furthermore, she believes that blockchain technology has established scope for future developments and advancements. In India, the blockchain and cryptocurrency industries have flourished, and Lumos Labs is working hard to make India a leader in this industry.

With robust collaboration, the India Blockchain Accelerator will build on the success of the T-Block Accelerator by empowering and developing the blockchain ecosystem. We hope to grow the ecosystem and raise the spirits with expanding dynamics.

Stay tuned and join us on Twitter to know more about the Accelerator.