Algorand Foundation, a not-for-profit organization making an open-source, permissionless, pure proof-of-stake blockchain protocol, launched Algorand Asia Accelerator together with Borderless Capital, the Algorand-focused blockchain venture fund.
Powered by LongHash Ventures, the native Web 3.0 blockchain accelerator and investor, Algorand Asia Accelerator aims to encourage and spur blockchain development in particular synergy with Finance 3.0 and beyond, empowering projects to build, grow and foster financial innovations in the Algorand ecosystem.
The program offers USD$15,000 upfront seed funding for each selected project, with these projects also eligible for up to USD$250k in follow-on investment. For the duration of the 12-week accelerator program, Algorand Asia Accelerator provides selected projects with end-to-end support across the spectrum of strategy formulation, go-to-market execution, and subject matter guidance across technological mentorship, token economics, marketing, and fundraising.
Algorand Asia Accelerator has onboarded mentors distinguished in various fields and disciplines, including Paolo Ardoino, Chief Technology Officer at Tether, Carlos Domingo, Chief Executive Officer and Co-Founder at Securitize, Jing Chen, Chief Scientist of Algorand Inc., as well as Deng Chao, Managing Director at HashKey Capital, among others.
Applications are now open till 16th August, 2020 GMT+8.