AlgoBharat, India-focused initiative of Algorand Foundation, made a number of high-profile announcements made at Algorand Impact Summit, a two-day event that convenes business leaders, policymakers, NGOs, and developers to discuss how blockchain can help solve challenges that the world comes across.
The partnerships indicate Algorand’s vision of delivering greater access to markets, capital and financial services by unraveling the power of blockchain technology. It could especially help underserved sections of society who have limited access to traditional banking infrastructure.
Staci Warden, CEO of Algorand Foundation, stated, “India's remarkable role in global technological progress has inspired us to establish a distinctive presence in the country. In just a year, our strategic collaborations and innovative blockchain solutions with key players have pioneered financial inclusion, with the potential for impacting millions of lives in underserved communities. As we contribute to the growth of the global Web3 ecosystem, our journey in India has only just begun, with much more ground to cover."
Anil Kakani, Vice President and India Country Head at Algorand Foundation, added, "Blockchain technologies can bring profound upliftment by providing greater access to markets, capital, and financial services. The Algorand Impact Summit stands as a testament to our belief in the Indian Web3 ecosystem. Partnering with those who share our passion, we are eager to witness the tangible on-the-ground impact on improving access to markets, capital, and financial services.”
Announcements include a partnership with T-Hub, a Telangana government-led prominent tech incubator, to launch Startup Labs, a 12-month program that will offer end-to-end mentorship for 20 high-potential Web3 startups. Another partnership with NASSCOM, through its FutureSkills Prime skilling hub, to provide modular-based training content and assessments to support the training and employability of students and professionals building out their Web3 developer capabilities.
It has also started a partnership with TiE Bangalore with the key objective of fostering the Indian Web3 ecosystem through strategic educational and training initiatives. This partnership will help Algorand establish its foothold with the startup, investor and tech communities in Bangalore.