Algorand Foundation, through its India-focused initiative AlgoBharat, awarded $10,000 to the winner of its Creating Impact! Pitch Competition for transformative blockchain-based solutions. The winner is LW3 from Assam. LW3's solution uses a combination of IoT technologies and Algorand's blockchain protocol to provide digital and secure provenance to end consumers.

Algorand also announced partnerships with T-Hub and TiE Bangalore to further bolster the Web3 ecosystem in India. These partnerships include the launch of the Algorand Startup Labs at T-Hub, a 12-month program that aims to accelerate the growth of high-performing Indian Web3 startups, and the expansion of Algorand's presence in the Bangalore tech community through master class series, training programs, startup engagements, and various other educational programs.

Algorand also formalized its partnership with NASSCOM to provide training content for Web3 developers through NASSCOM's training platform.

In addition to the pitch competition, AlgoBharat also launched its 'Road to Impact' in July with workshops in cities across India to support teams ready to build their impactful Web3 solutions on Algorand. The first leg of the competition took place in Delhi, followed by Ahmedabad, Kolkata, and Hyderabad. The competition received an overwhelming response from the Indian blockchain community as several hundred developers participated and submitted over 175 projects. Out of these 175, 10 teams were shortlisted to present before a panel of judges at the summit.

Apart from LW3, the first runner-up - Maximus was awarded $7,500, and the third-place winner - FDP was awarded $5,000, with all finalists receiving additional resources to deploy their solutions on mainnet. All ten semi-finalists took part in the Algorand Impact Summit, a premier blockchain event of 2023 interacting with policy officials, investors, executives, and other thought leaders from India and around the world on November 30 and December 1 in India's capital city.

Key takeaways:

• Algorand is committed to supporting the growth of the Web3 ecosystem in India.

• AlgoBharat's Creating Impact! Pitch Competition was a success, with several promising projects submitted.

• Algorand's partnerships with T-Hub, TiE Bangalore, and NASSCOM will provide valuable resources to Indian Web3 startups.

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