The Algorand Foundation has teamed up with academic institutions to create educational initiatives and programs for faculty members, students, and businesses that would promote Web3 adoption in India.
The Algorand team announced their partnership with Jawaharlal Nehru Technological University Hyderabad and the Indian School of Business. Programs for faculty development and training for student developers are included in this. The company will also hold a master class for companies interested in entering the Web3 market.
According to Anil Kakani, Algorand’s newly recruited national head for India, the relationships are designed to have lasting effects. He clarified:
“We are ready to take center stage in India and across the globe to fuel world-changing solutions to improve access to financial services, healthcare, education and so many other critical applications.”
The business is attempting to reach the nation’s startups in addition to the educational sector. Algorand also disclosed a collaboration with Hyderabad-based innovation hub T-Hub.
The alliance would enable local companies to access finance from across the globe and grow their products internationally, according to T-Hub CEO Srinivas Rao Mahankali.
The Algorand Foundation has joined forces with the Clinton Foundation to serve as the Global Climate Resilience Fund’s technological partner. The fund will aid neighborhood companies in establishing contacts with carbon markets and monetizing carbon credits.
To promote financial inclusion, the company will assist women-owned enterprises via seed investments and accelerator programs. Staci Warden, CEO of the Algorand Foundation, 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.”
According to Warden, the collaborations will enable blockchain to realize its full potential and support the development of a more diverse local economy.
The Algorand Foundation has been steadily growing its footprint around the world. The business said on December 13, 2022, that it had been selected to assist an Italian platform for bank and insurance guarantees.