Announcing the Blockchain Founders Group X Algorand Accelerator Program

December 20, 2023

Written by: Admin

Algorand developers and startups are invited to sign up for the waitlist for the Blockchain Founders Group x Algorand Accelerator program. This new partnership aims to support the next generation of builders working on the Algorand blockchain.

The 8-week accelerator program does not involve any costs for participants, as Blockchain Founders Group (BFG) and Algorand Ventures invest directly in the top projects selected from the cohort. The program aims to provide funding of up to €120,000 for selected teams in exchange for 3-10% equity.

BFG is the driving force behind Web3 innovation, bringing together top experts to nurture emerging blockchain startups through its acceleration programs. Algorand Ventures fuels growth and innovation in the Algorand ecosystem through investment and other forms of support.

Startups will gain access to BFG's proven accelerator curriculum and dedicated lead mentors, helping them transform concepts into investment-ready minimum viable products. They will also benefit from introductions to Algorand Ventures' extensive network of technical experts, investors, and partners.

Ryan Terribilini, EVP at Algorand Ventures, said: “BFG's strong track record in guiding early-stage startups makes them the ideal partner for this program. We are excited to empower more builders through this collaboration and unlock new possibilities in the Algorand ecosystem.”

Max Zheng, Director of Investments at BFG, said: "We're excited to embark on this journey with Algorand for our upcoming accelerator program. Algorand's groundbreaking layer-1 technology, known for its speed, cost-effectiveness, and continuous operation, makes it an ideal platform for developing scalable and sustainable blockchain applications. We are confident that this partnership will provide the best Web3 startup teams with the resources they need to build solutions that embody the true potential of a borderless global economy." 

The accelerator is open to participants globally. Ideal applicants are early-stage teams focused on areas like DeFi, asset tokenization, or web3 infrastructure, leveraging Algorand's scalability. The application deadline is March 10, 2023. The next cohort will run from April 15 - June 15, 2024. 

Don't miss this opportunity; sign up for the waitlist today.



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