The Algorand Foundation Partners with TiE Global to Support Student Engagement in Blockchain Technology


Algorand Foundation, a Singapore-based organization that manages the Algorand blockchain protocol, has announced a grant partnership with TiE Global, a Silicon Valley-based non-profit organization dedicated to entrepreneurs from all industries, to empower entrepreneurs. college students to become the next generation of blockchain technology innovators and entrepreneurs.

The Algorand Foundation published a press release on Wednesday, January 13. According to the Algorand Foundation, this association is part of their ongoing efforts to support education and participation in blockchain technology in general and the Algorand blockchain project itself.

TiE Global, founded in 1992 in Silicon Valley, is a global network that promotes entrepreneurship through mentoring, networking, education, incubation, and funding. To further its mission, TiE Global has launched the TiE University program. This program will conduct a global entrepreneur mentoring and development competition in the form of a business hackathon from March 12-14, 2021 at 200 universities in 50 cities around the world.

Hackathon partners will propose business or use case challenges for hackathon participants they are trying to solve.

As part of this partnership, the Algorand Foundation is also a partner in this TiE University Global Business Hackathon. According to the foundation, as an initial step in the partnership, it will engage with the Algorand community to present three business challenges that would have a significant positive impact on the Algorand ecosystem. Hackathon participants will choose a challenge from these three challenges and then build innovative solutions against them.

The Alogrand Foundation will also support these teams with funding through its Algorand Foundation grant program which, as reported, was announced in April 2020 to spur innovation in the Algorand blockchain protocol. East grant program of 250 million tokens ALGO supports qualified developers in four main categories including research, development tools and infrastructure, DApps and use cases, and education and community.

Sean Lee, CEO of the Algorand Foundation, commented:

“We are delighted to announce our partnership with TiE University today. Empowering the next generation of innovators and entrepreneurs by understanding the disruptive potential of the Algorand blockchain is a key task in developing the global Algorand ecosystem.

Dr. Paul Lopez, Co-Chair of the TiE University Global Program, commented:

“At TiE we believe it is vital to build the next generation of entrepreneurs. Therefore, we welcome the partnership with the Algorand Foundation to empower university students to aspire to become entrepreneurs.

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