SGC IndiaThe newly launched regional arm of Sino Global Capital, a renowned venture capital firm focused on blockchain and digital assets, is expanding its presence in India with the launch of its first SGC India Demo Day today.
SGC India Holds Demo Day with Web3 Incubator Platform Builder Tribe as a partner in their ecosystem, in partnership with a community-driven network of developers Devfolio as a partner of the event, and FTX Companies as an event partner, which offers a pool of $2 million in funding and up to $50,000 in grants.
Startups with minimum viable product MVP can register here to apply to attend.
SGC India, a leading global venture capital firm focused on blockchain and cryptocurrency, is set to enter the Indian ecosystem which has been recognized as one of the supreme hotbeds for innovation Web3 with several global players focused on exploiting existing Indian developer talent. Web3 development and innovation in India has seen investments worth $500 million+ in 2021 and experts are constantly moving in this market to take advantage of this pool of talent as well as to encourage decentralized developments.
With the SGC India Demo Day, SGC India is stepping into the very active Indian Web3 space by offering Web3 founders the opportunity to pitch their solution offerings and stand a chance to win from a funding pool of up to $2 million set aside by them, subject to adequacy of the investment thesis and a grant pool of up to $50,000 from the Builder Tribe on a case-by-case basis. Additionally, the latest shortlisted startups will showcase their product offerings live during an in-person demo day to be held in Bangalore, India.
The initiative aims to harness India’s vast development potential and the ever-growing Indian Web3 ecosystem. The program will focus on startups that have already reached their minimum viable product (MVP) stage and have relevant Web3 solutions to address issues. Additionally, the program is agnostic, so open to all Web3 founders with effective and sustainable futuristic startups. SGC India and Builders Tribe will further provide startups with the right tools and guidance to improve their product, as well as ecosystem and marketing support.
India has a number of unique characteristics that make it one of the most exciting and fastest growing web 3 markets in the world. With a mobile first, young and digitally advanced society, India produces some of the most talented developers and entrepreneurs in the world. We are thrilled to call India home and work alongside such talented developers and entrepreneurs to build the next generation of the Internet and the future of decentralized applications. Matthew GrahamCEO, Sino Global Capital
“We are excited to be working with SGC India to enable the next wave of Web3 builders and entrepreneurs and provide them with a global platform for their projects. Together, we will build an ecosystem of developers, investors and partners to support the growth of decentralized technology in India. Denver DsouzaCOO, Devfolio
“Builders Tribe has been focused on developing Web3 in India and raising awareness of Web3 entrepreneurship and innovations. With the entry of SGC India into the Indian Web3 ecosystem, we have an opportunity to give a platform -shape startups globally and enable them to learn from leading industry experts and experienced entrepreneurs.We’re excited to see the different solutions we can support more globally. Raghu MohanCo-founder, Tribu des Bâtisseurs
With over 50,000 active startups, India has the talent and resources to support innovative startups and entrepreneurs. SGC India thus aims to establish itself at the heart of this active Web3 space as it steadily grows from the current nascent stage to a robust infrastructure filled with decentralized innovations.
The applications to be part of it are open. This initiative is part of SGC India’s foray into the Indian Web3 ecosystem to witness the robust and deserved Indian development potential through this hunt and help startups achieve accelerated growth through funding, expert mentorship and to advice.