Bitget’s Blockchain4Youth $10M initiative shortlists Indian Web3 projects

Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced the shortlisted top 10 projects that have applied for its start-up pitch program under the Blockchain4Youth $10 million initiative.

Bitget hosted its first shortlisting round of cohorts for pitching on November 26, 2023 in Bengaluru. The top 10 shortlisted start-ups will now get the opportunity to present to industry leaders, and VCs along with Bitget, at the Build for WEB3 Summit on December 4, 2023. From the selected start-ups, the high potential start-ups stand a chance to get fundings up to $100K subject to due diligence under the Bitget’s Blockchain4Youth $10 million initiative.

These start-ups, shortlisted from over 120 will present live during BUIDL for Web3 Summit 2023 as part of the BUIDL.so SPOTLIGHT segment. Having launched the Blockchain4Youth initiative earlier this year, Bitget has pledged a vast $10 million investment pool towards uplifting blockchain innovation, with a high focus on young entrepreneurs, budding web3 founders, and start-ups.

A recent survey conducted by Bitget Academy observed that 46% of millennials own cryptocurrencies and GenZ and Millenials have the highest rate of crypto adoption among all population groups. Through the Blockchain4Youth initiative, innovators that have the potential and relevant ideas can get the required funding, guidance, and technical expertise to create sustainable business models that further contribute to the growing web3 innovation landscape.

The SPOTLOGHT session will be held at the BUIDL for Web3 Summit, India’s premier multi-chain summit, organised by Lumos Labs and BuidlersTribe, powered by Bitget.

Nexus Network 2023 - A sustainable user onboarding infrastructure for layer 2s
Blockflow - A simplified tool to build data backends dApps
BitSave - World’s first crypto based mutual fund application
Lync - A web3 game launcher simplifying blockchain complexities
Sadaiv - A developer reputation protocol
0xRivendell - A zk-powered modular intent layer
network - A workflow automating protocol for on-chain communities
Plena Finance - A crypto super app streamlining crypto investing and trading through personalization and automation
Reax - A synthetic decentralized finance ecosystem
Wallet X - A decentralized smart wallet browser extension

“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. We’ve met with some high potential start-ups and are looking forward to nurturing and being a part of the journey of the next big crypto unicorn from India,” said Simran Alphonso, PR and Communications Lead, Bitget.

“The web3 technology start-up sector is a highly inclusive and innovation driven space that can become the breeding ground of ideas, new inventions, and modern tech solutions, as has been observed by Buidl.so very closely. At the BUIDL.so SPOTLIGHT, we will further witness the innovation prowess of young Indian founders, builders, and developers with the goal of encouraging them further and fostering decentralised innovation,” said Raghu Mohan, Founder, Buidlers Tribe.

“The BUIDL for Web3 Summit 2023 aims to unite global leaders, top innovators, and job opportunities worldwide, creating a platform for the next era of innovation. At the BUIDL.so SPOTLIGHT, we're poised to observe the innovation potential of 10 emerging web3.0 startups. We are looking forward to extending continued support to these selected start-ups on their start-up journey, playing a role in the broader expansion of web3 adoption,” said Kaavya Prasad, Founder, Lumos Labs.