In the dynamic landscape of cryptocurrency and blockchain technology, Bitget, a global cryptocurrency exchange and Web3 company, has taken a groundbreaking step with its Blockchain4Youth $10M initiative. The initiative, aimed at uplifting young entrepreneurs and web3 innovators, recently announced the shortlisting of the top 10 projects for its startup pitch program. These startups will showcase their potential at the upcoming BUIDL for Web3 Summit 2023, promising an exciting glimpse into the future of blockchain innovation.
The Selection Process:
Bitget’s commitment to fostering innovation led to the shortlisting of these startups from a pool of over 120 applicants. The first shortlisting round took place on November 26th in Bangalore, India, setting the stage for the selected projects to present to industry leaders, venture capitalists, and Bitget executives at the Build for WEB3 Summit on December 4th, 2023.
Opportunities for the Chosen Ones:
The top 10 startups now have the opportunity to secure funding of up to $100,000, contingent upon successful due diligence under the Bitget’s Blockchain4Youth $10 Million initiative. This financial support is a testament to Bitget’s dedication to nurturing blockchain innovation and supporting the next generation of developers and founders.
Spotlight on Innovation:
The selected startups will be featured in the BUIDL.so SPOTLIGHT segment during the BUIDL for Web3 Summit 2023. This segment promises a live presentation of each project, offering a unique insight into the innovative solutions they bring to the blockchain space. The diverse range of startups covers areas such as user onboarding infrastructure, decentralized finance ecosystems, crypto-based mutual fund applications, and more.
Blockchain4Youth: A Catalyst for Web3 Adoption:
Bitget’s Blockchain4Youth initiative, launched earlier this year, reflects a strategic move to tap into the high adoption rates of cryptocurrencies among millennials and Gen Z. According to a Bitget Academy survey, 46% of millennials currently own cryptocurrencies, making this demographic a crucial driving force behind the growth of the web3 innovation landscape.
Simran Alphonso, PR and Communications Lead at Bitget, expressed the company’s commitment to holistic development, stating, “Our goal is to augment web3 and crypto adoption throughout Asia. The new generation of innovators and founders will come from the Millennials and GenZs, hence, our Blockchain4Youth initiative ensures holistic development needed to accelerate this adoption and support new-gen developers.”
Looking Ahead:
The BUIDL for Web3 Summit 2023, organized by Lumos Labs and BuidlersTribe and powered by Bitget, aims to unite global leaders, innovators, and job opportunities. Raghu Mohan, Founder of Buidlers Tribe, emphasized the inclusivity and innovation-driven nature of the web3 startup sector, anticipating a showcase of India’s young founders, builders, and developers at the BUIDL.so SPOTLIGHT.
As Kaavya Prasad, Founder of Lumos Labs, highlighted, “The BUIDL.so SPOTLIGHT aims to observe the innovation potential of 10 emerging web3.0 startups. We are looking forward to extending continued support to these selected startups on their startup journey, playing a role in the broader expansion of web3 adoption.”
Conclusion:
The stage is set for a captivating display of innovation at the BUIDL for Web3 Summit 2023. Bitget’s Blockchain4Youth initiative, with its $10 million investment pool, is not just a financial boost for the selected startups but a significant step towards nurturing the future leaders of blockchain technology. As the spotlight shines on these emerging projects, the world eagerly awaits the next big crypto unicorn to emerge from India’s vibrant and dynamic startup ecosystem.
