[2016-12-03] Hindu: Bitcoin firm opens blockchain incubator in India

Bitcoin firm opens blockchain incubator in India

http://www.thehindu.com/business/Economy/Bitcoin-firm-opens-blockchain-incubator-in-India/article16756419.ece

The team behind bitcoin company, GBMiners, said that it has started South Asia’s first Blockchain incubator called Satoshi Studios.

Named after Satoshi Nakamoto, the mysterious creator of bitcoin, the incubator is inviting applications from entrepreneurs working in South East Asia region.

The incubator will offer a three-month intensive residency programme for entrepreneurs in New Delhi. The entrepreneurs will also be able to interact with GBMiners team, other blockchain start-ups and top bitcoin industry experts. The incubator will give entrepreneurs $50,000 in funding for an 8-15 per cent equity in the company.

"Our vision is to build New Delhi as the blockchain knowledge hub of Southeast Asia,” said Amit Bhardwaj, co-founder of GBMiners in a statement.