AlgoBharat, the Indian arm of the Singapore-based Algorand Foundation, is gearing up for the second edition of its ‘Road to Impact’ programme in India. This initiative is designed to attract Web3 developers and startup teams to participate in a competition that offers industry-level mentoring and workshops. The goal of this engagement with India’s Web3 talent is to enhance the country’s digital infrastructure and promote the adoption of blockchain technology. The first edition of this initiative was launched in 2023, and it has since gained significant traction in the Indian developer community.
Nikhil Varma, the India Tech Lead at the Algorand Foundation, highlighted the emerging developer hubs in cities like Surat and Trivandrum, where local developers are leveraging blockchain technology to create solutions tailored to various industries. The focus of Indian developers has been on exploring a wide range of use cases, including supply chain management, sustainability, healthcare, and MSME financing. The ‘Road to Impact’ initiative is rooted in the philosophy of providing sustained engagement and support to help developers enhance their skills and promote their talents in the global Web3 landscape.
Participants in the ‘Road to Impact’ programme have the chance to compete for financial rewards and ALGO credits for mainnet deployment support. The first prize includes a cash reward of $10,000 (approximately Rs. 8.3 lakh) along with 2,000 Algos in mainnet credits. In the latest iteration of the initiative, AlgoBharat has introduced a ‘developer track’ to upskill developers and enable them to meet the growing demand for Web3 creators worldwide. The top ten winners of the developer track will receive cash rewards, with the maximum prize set at $1,000 (roughly Rs. 8.3 lakh) and 100 algos in credit for mainnet deployment support.
The AlgoBharat team emphasized the alignment of the ‘Road to Impact’ initiative with India’s vision of building a digitally empowered society by fostering scalable, sustainable, real-world blockchain solutions. The programme aims to support economic growth, address social challenges, and promote India’s global leadership in technology. AlgoBharat has been actively reaching out to eligible individuals and projects in key cities like Indore, Surat, Delhi, Trivandrum, Pune, Bangalore, Hyderabad, and Kolkata since August, showcasing its commitment to nurturing India’s Web3 ecosystem.
The ‘Road to Impact’ programme is set to kick off at the Algorand India Summit in Hyderabad on December 7 and 8, where developers, entrepreneurs, executives, investors, policy officials, and thought leaders from India will converge to explore the latest trends in Web3 technology. Algorand’s initiative through AlgoBharat aims to elevate India’s position in nurturing Web3 talent and driving innovation in the blockchain space. The platform’s collaboration with the Telangana government to promote eco-friendly farming practices among farmers using blockchain technology further underscores its commitment to fostering sustainable solutions in India.
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