India Inc India Inc: Thursday, 12 January 2017 07:16

Indian Blockchain incubator gets going

A New Delhi based Blockchain incubator is aiming to turn India into a Blockchain hub.

Satoshi Studios is inviting applications from entrepreneurs working in the South East Asian region. The incubator has a three-month intensive residence programme in New Delhi, where the founders will spend time with other Blockchain start-ups and receive $50,000 in funding for 8 to 15 per cent equity in the company.

The incubator is mentored and invested by Bitcoin pioneers like Roger Ver, Amit Bhardwaj and Michael Terpin, among others.

Sahil Baghla, co-founder of Satoshi Studios, said: “We had been receiving a lot of interest from fellow entrepreneurs seeking feedback on their ideas using the Blockchain technology and some of the entrepreneurs we’ve met are building some really interesting applications, and we wanted to work with them and see if we could get an opportunity to know and work with more of these geniuses.”

Blockchain is the technology under-pinning digital currency Bitcoin.

India Global Business’ has been tracking this issue

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