Eligibility Criteria
If you meet the following requirements, Algorand Startup Lab is an ideal fit for you:
Startup Location
India
Startup Attributes
Web 3 / Product stage / MVP ready
Menu
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Algorand
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
About Program
The Startup Lab program is tailor-made for prototype-ready startups in India.
Play Video
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
- Scalability: Can execute up to 10,000 transactions per second
- Speed: Blocks finalized in < 3 seconds and transactions are instantly final
- Scalability: Can execute up to 10,000 transactions per second
- Speed: Blocks finalized in < 3 seconds and transactions are instantly final
The Startup Lab
Program at a Glance
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Startup Scouting and Selection
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.
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.
Product Readiness
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.
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.
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
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 .
-
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.
Eligibility Criteria
If you meet the following requirements, Algorand Startup Lab is an ideal fit for you:
Startup Location
India
If you meet the following requirements, Algorand Startup Lab is an ideal fit for you:
Startup Attributes
Web 3 / Product stage / MVP ready
Focus Areas
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Health Care
Blockchain's inherent security, transparency and ability to empower data sharing can help address key
Agri Tech
Blockchain's inherent security, transparency and ability to empower data sharing can help address key
Sustainability
Blockchain's inherent security, transparency and ability to empower data sharing can help address key
Focus Areas
EV/Mobility
Startups working on electric vehicles, sustainable mobility solutions, and infrastructure.
AgriTech
Innovative agricultural technologies to enhance productivity and sustainability.
ClimateTech
Solutions addressing climate change, resource efficiency, and clean energy.
HealthTech
Healthcare innovations, including MedTech, telemedicine, and diagnostics.
FinTech
Financial services innovations, focusing on financial inclusion and digital banking.
Circular Economy
Startups promoting resource efficiency, recycling, and waste management.
EdTech
EdTech innovations targeting accessibility and quality in education.
Child & Maternal Health
Solutions aimed at reducing child mortality and improving maternal health.
Open Innovation
Other breakthrough solutions that address societal or industrial needs.
Focus Areas
Focus Areas
Web3 Infrastructure
Startups working on electric vehicles, sustainable mobility solutions, and infrastructure.
AgriTech
Innovative agricultural technologies to enhance productivity and sustainability.
Financial Inclusion
Innovative agricultural technologies to enhance productivity and sustainability.
Health Care
Startups working on electric vehicles, sustainable mobility solutions, and infrastructure.
Sustainability
Innovative agricultural technologies to enhance productivity and sustainability.
Program Schedule
FAQs
The Startup Lab program brings together the very best in business and industry mentorship with world class Web3 developer support for startups building blockchain solutions for real world impact. Each of the twenty selected teams will be assigned a dedicated business mentor and Web3 technical mentor to work with over the course of the year, and the program will include a mix of virtual and live sessions that are specifically focused on helping each team build and fine-tune their product based on market feedback, prepare to take their product to market, and emerge ready to raise their first (or next) round of capital.
In order to be eligible for the Algorand Startup Lab, a startup must be (1) based in India and (2) building a Web3 solution. Applicants should have a minimum viable product (MVP) or working prototype, and at least one dedicated founding member on the team. Teams must be willing and able to participate fully in the program remotely and in-person at T-Hub. The startup team should also be willing to natively build their application on the Algorand blockchain if their product is currently on another chain.
- Experienced mentors to help fine tune products, strategies and pitches
- Hands-on technical expertise to build on Algorand
- Access to customers and markets for live testing and feedback
- Potential pre-seed funding and investment introductions
- Workshops on relevant skills like solution design, marketing & fundraising
- Networking forums to explore partnerships
While diversity of skills on a team is preferred, exceptional individuals with proven ability to execute may also apply. Priority will be given to those who have demonstrated progress through development work or relevant partnerships.
We aim to support any innovative, scalable Web3 solution. Suggested focus areas include health care, supply chain, sustainability, agritech, and fintech, but solutions for other verticals where real-world problems are being addressed are also welcome.
While registration in India is not required, physical presence during the program is expected. Preference will be given to Indian-based startups to maximize in-person engagement and collaboration.
©2024 T-Hub