Algorand to drive Web3 adoption in India through key partnerships

Published at: Feb. 8, 2023

In an announcement sent to Cointelegraph, the Algorand team said that it partnered with Jawaharlal Nehru Technological University Hyderabad and the Indian School of Business with the intention of launching educational programs. This includes programs for both faculty development and student developer training. In addition, the firm will also be hosting a master class for businesses looking to dive into the Web3 space.

Anil Kakani, Algorand's recently-appointed country head for India, said that the partnerships aim to build sustainable impact. He explained:

Algorand Foundation announced several partnerships in India, including collaborations with schools to develop educational programs that will help grow Web3 in the country. 

“We are ready to take center stage in India and across the globe to fuel world-changing solutions to improve access to financial services, health care, education and so many other critical applications.”

Apart from the educational sector, the company is also trying to tap into the country’s startups. Algorand also announced a partnership with T-Hub, an innovation center based in Hyderabad. According to T-Hub CEO M. S. Rao, the partnership will help local startups access capital from across the world and scale their projects globally. 

The Algorand foundation also became the technology partner for a Global Climate Resilience Fund launched by the Clinton Foundation. The fund will contribute to helping local businesses connect with carbon markets and monetize carbon credits. Through seed investments and accelerator programs, the firm will support women-led businesses tp increase financial inclusion. Algorand Foundation CEO Staci Warden said:

“I am thrilled to be back in India, and especially to see the embrace and enthusiasm by people across the country for technology that can so significantly and positively impact their quality of life.” 

Warden mentioned that the partnerships will help blockchain live up to its potential and aid the local ecosystem in becoming a more inclusive economy. 

Related: Algorand Foundation outlines $35M exposure to crypto lender Hodlnaut

The Algorand Foundation has been continuously expanding its presence globally. On Dec. 13, the company announced that it's been chosen to support a bank and insurance guarantees platform in Italy.

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