Core Foundation launches USD 5 million innovation fund to promote India's Web3 ecosystem

Core Foundation announces a $5 million innovation fund to drive growth of the Web3 ecosystem in India. The program aims to empower the Web3 community, enhance education, and provide critical support to Indian project founders and builders, enabling developers to create decentralized applications (dApps) on Core Chain. Apart from the innovation fund, Core Foundation is also rolling out plans to expand into the Indian market, including organizing builder meetups, hosting hackathons, and partnering with Web3 incubators and universities. There are also plans to launch an accelerator program in partnership with Indian Web3 venture capitalists and accelerators to provide necessary support to the growing community of Core Chain builders.