NewsInfrastructureAlgorand Foundation Launches Venture Studio Algo Foundry

Algorand Foundation Launches Venture Studio Algo Foundry

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Algorand Foundation

May 4th,2022,  - The Algorand Foundation today announces the launch of Algo Foundry, a venture studio dedicated to growing the Algorand developer ecosystem and building Algorand blockchain infrastructure and applications.

In partnership with Undercurrent Capital, Algo Foundry will enable developers, entrepreneurs, and enterprises worldwide to focus on creating and building next-generation applications while deploying resources, playbooks, systems, developer talent, network, and capital to accelerate ideas and optimize the company creation process.

Algo Foundry is also launching courses to upskill aspiring developers to develop on the Algorand blockchain and grow the developer ecosystem. The first immersive program is launching mid-May in Singapore with other cities to join the roster in the near future, and a series of flexible programs will launch in July accessible to developers worldwide.

Michael Knott, CTO of Algo Foundry, commented “we believe Algorand is the blockchain of the future and we are excited to grow the developer ecosystem and build on it together with talented founders where Algo Foundry helps with branding, product design, early strategy, engineering and development, hiring, product-market fit, how to raise the first round — just basically navigating that first two years.”

Johanna Moran, Head of Developer Programs at the Algorand Foundation stated “Algo Foundry fills a critical gap in our global campaign to drive awareness and education for blockchain developers of the incredible tools and powerful platform features offered by Algorand. We look forward to working with the Algo Foundry team to attract top global technical talent into the ecosystem.”

About Algo Foundry

Algo Foundry is a venture studio enabling founders to focus on building world-class Dapps. An initiative by Algorand Foundation and Undercurrent Capital, our resources, playbooks, systems, developer talent, network, and capital accelerate ideas by simplifying and optimizing the company creation process. We also cultivate next-gen Algorand developers through our courses to be future-ready leaders in building great products.

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About Undercurrent Capital

Undercurrent Capital is an early stage investment firm that partners leaders and visionaries in business and society to tackle their most important challenges. We believe bold steps define the future, and the ambition to lead requires singular vision, dedication and flexibility to adapt.

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