AlgoBharat, a subsidiary of the Algorand Foundation based in Singapore, is gearing up for the second edition of its Web3-focused initiative in India known as the ‘Road to Impact’. This program aims to bring together Web3 developers and startup teams to participate in competitions and gain industry-level mentoring and workshops. The primary goal of this initiative is to enhance India’s digital infrastructure by engaging with the country’s Web3 talent.
The ‘Road to Impact’ initiative was first launched in 2023, with cities like Surat and Trivandrum emerging as significant hubs for developers creating blockchain solutions tailored to local industries. Indian developers are actively exploring various use cases, including supply chain management, sustainability, healthcare, and MSME financing. According to Nikhil Varma, India Tech Lead at the Algorand Foundation, the program is designed to provide deep, sustained engagement to help developers advance their skills and market their expertise effectively.
Program Structure and Incentives
Participants in the ‘Road to Impact’ program will have the opportunity to compete for financial rewards and ALGO credits for mainnet deployment support. The top prize for the competition is $10,000 (approximately Rs. 8.3 lakh) along with 2,000 Algos in mainnet credits. In addition to the competition, AlgoBharat has introduced a ‘developer track’ in the second edition of the initiative to enhance developers’ skills and facilitate their entry into the global Web3 ecosystem. 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 that the ‘Road to Impact’ initiative aligns with India’s 2047 vision of building an ecosystem for scalable, sustainable blockchain solutions. The initiative aims to contribute to the development of a digitally empowered society, drive economic growth, address social challenges, and promote global leadership in technology. With the increasing pool of blockchain developers in India, from three percent in 2018 to 12 percent in the previous year, initiatives like AlgoBharat’s Road to Impact play a crucial role in fostering Web3 talent.
AlgoBharat has been actively engaging with eligible individuals and projects in cities like Indore, Surat, Delhi, Trivandrum, Pune, Bangalore, Hyderabad, and Kolkata since August. The program is set to kick off at the Algorand India Summit in Hyderabad on December 7 and 8, bringing together developers, entrepreneurs, executives, investors, policy officials, and other thought leaders from India. Through collaborations with government bodies like the Telangana government, AlgoBharat aims to not only elevate India’s position in the Web3 ecosystem but also promote eco-friendly farming practices among farmers through blockchain technology.
AlgoBharat’s ‘Road to Impact’ initiative is poised to make a significant impact on India’s Web3 ecosystem by fostering talent, promoting innovation, and contributing to the country’s digital transformation. It represents a step towards realizing India’s vision of becoming a global leader in technology and driving sustainable economic growth through blockchain solutions.
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