Web3 startup funding has experienced a significant decline over the past year, presenting challenges for new projects in the nascent ecosystem. In order to navigate these obstacles, web3-focused accelerators have emerged as a valuable resource. These programs, designed by industry leaders, provide support and guidance to promising startups in the web3 space.
One such accelerator is Brinc, headquartered in Hong Kong. Brinc empowers entrepreneurs from around the world to tackle some of the biggest challenges facing society. Their accelerator programs cover a wide range of sectors, including climate and food technologies, Internet of Things (IoT), and web3. Brinc has invested in 239 companies from over 36 countries, and their web3 program has already accelerated more than 60 web3 companies.
Brinc’s web3 program is delivered in partnership with Animoca Brands and will soon enter its fourth cohort in Q1 of 2024. The program covers a variety of sectors within the web3 space, including technology and infrastructure, decentralized finance (DeFi), gaming, metaverse, entertainment, healthcare, and arts and culture.
Recognizing the complementary nature of their respective programs, Brinc and Cointelegraph have teamed up to create a two-way bridge between their accelerators. This collaboration aims to leverage Cointelegraph’s global audience and marketing expertise with Brinc’s product development, token design, scaling strategy, and network introductions.
As part of the partnership, Brinc and Cointelegraph plan to hold joint demo days for web3 startups participating in their programs. These demo days will provide an opportunity for startups to showcase their projects to a broader audience. Additionally, both accelerators will open up their networks of projects, mentors, and investors to participants in their programs.
Brinc’s network of influential web3 names, including Animoca Brands, Consensys, AWS, and Filecoin, will provide mentorship to startups in the Cointelegraph Accelerator. In return, Brinc’s accelerator program and potential portfolio companies will receive web3 marketing and other workshops conducted by Cointelegraph Accelerator, as well as special discounts for Cointelegraph’s media products.
The partnership between Brinc and Cointelegraph offers a clear roadmap for startups joining their programs. Participants can rely on Brinc’s guidance to build their minimum viable product, develop scaling strategies, and connect with suitable partners. Once ready, startups can then launch their projects to a global audience through the Cointelegraph Accelerator.
Cointelegraph Accelerator plays a crucial role in fueling the growth of promising web3 projects. Their support includes developing marketing strategies, providing advertorial media coverage, organizing workshops with specialists, and facilitating participation in crypto events. Additionally, startups in the accelerator program gain access to Cointelegraph’s network of institutional investors, exchanges, and advisors.
As the web3 ecosystem continues to evolve, accelerators like Brinc and Cointelegraph are vital in helping startups overcome the unique challenges they face. By providing resources, mentorship, and access to valuable networks, these programs enable web3 projects to navigate the complex regulatory landscapes and achieve success in a decentralized world.
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