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Startup Lab Cohort-2

A year long program that supports and nurtures Web 3.0 startups, harnessing the strengths of both T-Hub and the Algorand blockchain protocol. The Startup Lab program is tailor-made for prototype-ready startups in India.

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About Alground

A year long program that supports and nurtures Web 3.0 startups, harnessing the strengths of both T-Hub and the Algorand blockchain protocol. The Startup Lab program is tailor-made for prototype-ready startups in India.

This first-of-its-kind collaboration between South Asia’s leading innovation ecosystem and the best-in-class blockchain protocol will provide customized technical and business support to teams building innovative Web3 solutions, while also delivering opportunities to test their solutions with customers and engage with seasoned investors.

Why Algorand ?

Algorand is a layer one public blockchain protocol with several differentiating features:

Scalability: Can execute up to 10,000 transactions per second

Speed: Blocks finalized in < 3 seconds and transactions are instantly final

Reliability: Zero downtime since launch in 2019

Security: Inherent protection against protocol and network attacks

Affordability: Transaction costs at a fraction of a cent 

Sustainability: Energy efficient and carbon neutral

Smarter Programmability: Atomic transfers, Algorand Standard Assets, Rekeying, and other primitives reduce the attack surface of smart contracts

Cryptographic Innovation: Fast Byzantine Agreement, Verifiable Random Functions, Post-Quantum Security

The Startup Lab Program at a Glance

Startup Scouting and Selection

Startups will be scouted and invited to apply based on problem-solution fit, market size, differentiation and focus areas. Shortlisted startups go through a selection process involving interviews.

Need-Gap Analysis

Selected startups will undergo a rigorous need-gap analysis to review and validate their identified problem and solution fit. Market gaps will be identified along with key benchmarks to measure progress.

Key benefits: Business model evaluation, assignment of technical mentor and business mentor

Product Readiness

Startups will receive customized support to develop a working product by leveraging Algorand's blockchain platform with the help of dedicated technical experts. Support includes optimal application design, smart contract development, target customer requirements etc. 

Key benefits: Infrastructure support, technical Web3 support, workshops & trainings

Pilot Testing

Once the MVP is ready, startups will have the opportunity to  pilot test their solutions with real customers or real life use cases. Product refinement and iterations will be done based on feedback and any gaps identified. 

Key benefits: corporate/customer introductions, mentorship sessions, expert interventions, technical Web3 support

Market Readiness

Startups will receive support to develop and refine their market strategy, target segments, pricing and revenue models. The support will also include advice on marketing, sales and go-to-market strategy.

Key benefits: Business model evaluation, mentorship sessions, Corporate/customer engagement

Investment Readiness

Startups will be trained on fundamentals of fundraising and pitching to investors. Mock sessions and feedback clinics will help refine their investor pitches.

Key benefits: Pitch book development and pitch clinic, investor engagement, mentorship sessions

Demo Day

The program culminates with a Demo Day where startups will pitch to a network of investors, corporates, media and other stakeholders, with the goal of initiating and perhaps securing deals and partnerships.

Program Offerings

Dedicated support for startups that includes product refinement to ensure market fit,
and technical, business and funding support as required to navigate the startup journey.

Workshops & Trainings

Providing startups with knowledge and skills across technical and business functions to build robust blockchain-enabled solutions. Enhancing ability to communicate solutions effectively during the Demo Day .

Technical Web3 Support

Personalised assistance for startups to incorporate Algorand's blockchain functionalities into their (MVPs), enhancing the technological sophistication of their solutions and expediting the process of prototyping and testing.

Mentorship Sessions

Well timed mentorship sessions with industry veterans and confidential feedback to help startups course-correct or validate assumptions to achieve product-market fit.

Peer to Peer Engagement

Co-working and networking opportunities facilitate peer learning and collaboration. Synergies sometimes emerge for partnerships or talent hiring.

Business Model Evaluation

Expert evaluation and feedback on business models to help refine value proposition, pricing, distribution strategies and scale more effectively.

Infrastructure Support

Startups are provided infrastructure resources such as identity management, on ramp and off ramp payment solutions, credits for mainnet launches on Algorand's blockchain infrastructure. This will reduce time and costs for product development and testing cycles, allowing startups to validate assumptions faster.