AlgoBharat, the Indian unit of the Algorand Foundation, a Singapore-based blockchain firm, is gearing up for the second edition of its ‘Road to Impact’ initiative in India. The program aims to attract Web3 developers and startup teams to participate in competitions and gain valuable industry-level mentoring and workshops. By engaging with India’s Web3 talent pool, AlgoBharat hopes to enhance the country’s digital infrastructure. The first edition of this initiative was launched in 2023, and it received a positive response from the technology community.
Nikhil Varma, India Tech Lead at the Algorand Foundation, highlighted the growing importance of cities like Surat and Trivandrum as hubs for blockchain developers who are creating solutions tailored to local industries. According to Varma, Indian developers are focusing on various use cases such as supply chain management, sustainability, healthcare, and MSME financing. The ‘Road to Impact’ initiative is designed to provide developers with deep and sustained engagement to help them enhance their skills and marketability. Participants in the program stand to win financial rewards and ALGO credits for mainnet deployment support.
In the upcoming second iteration of the ‘Road to Impact’ initiative, AlgoBharat will introduce a ‘developer track’ to enhance developers’ skills and prepare them to meet the demands of Web3 creators globally. The top ten winners of this track will receive cash rewards, with the highest prize set at $1,000 and 100 ALGO credits for mainnet deployment support. The goal is to nurture a thriving ecosystem for scalable and sustainable blockchain solutions that align with India’s vision for digital empowerment and economic growth.
AlgoBharat’s Road to Impact initiative is in line with India’s 2047 vision of fostering a digitally empowered society and driving economic growth by addressing social challenges and promoting global leadership in technology. The program has been actively engaging with eligible individuals and projects in cities such as Indore, Surat, Delhi, Trivandrum, Pune, Bangalore, Hyderabad, and Kolkata since August. The initiative is set to kick off at the Algorand India Summit in Hyderabad on December 7 and 8, bringing together key stakeholders from the technology and business sectors.
AlgoBharat, through its various initiatives, has been playing a crucial role in nurturing India’s Web3 ecosystem. The platform aims to elevate India’s position in fostering Web3 talent and promoting innovative blockchain solutions. In a collaboration with the Telangana government, AlgoBharat also took steps to educate farmers about eco-friendly farming practices using blockchain technology. By fostering collaboration, innovation, and skill development, AlgoBharat is contributing to the growth and development of India’s digital economy.
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