Algorand’s New Europe Accelerator to Boost Startups With up to $500K in Funding

Algorand founder Silvio Micali
(CoinDesk archives)

Algorand’s New Europe Accelerator to Increase Startups With as a lot as $500Ample in Funding

The Algorand Foundation has launched a Europe-centered program aimed to fund and originate startups working atop its proof-of-stake blockchain.

  • The Algorand Europe Accelerator will strengthen early-stage startups with seed funding and assist blockchain fashion within the set aside, per a press originate Thursday.
  • The 12-week program is funded by Eterna Capital and Without boundaries Capital.
  • An preliminary $15,000 upfront seed amount from Without boundaries Capital shall be supplied to startups coming into this system.
  • That is also followed by as a lot as $500,000 in additional funding to eligible initiatives from each and every Without boundaries and Eterna.
  • “Europe is a essential for Algorand’s boost,” said Massimo Morini, chief economist on the Algorand Foundation. “London is a an indispensable startup hub.”
  • Moreover to funding, this system will provide developers and entrepreneurs “an array of tools and sources” for constructing decentralized functions.
  • Startups will even be assisted with their budge-to-market execution, marketing and marketing, fundraising, token economics and total guidance.
  • Capabilities are at demonstrate originate except Dec. 18, 2020.
  • Algorand changed into once based by MIT professor and Turing Award winner Silvio Micali.

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