Cronos Labs Launches Second Cohort of Accelerator Program to Advance Web3 Dapp Development
Selected projects will go through a three-month accelerator program and receive funding of US$30,000
LONDON, Jan. 31, 2023 /PRNewswire/ -- Cronos Labs, a blockchain startup accelerator that focuses on decentralized finance, blockchain games, and the development of the Cronos ecosystem, today announced the opening of applications for the second cohort of the flagship US$100M-backed Cronos Accelerator Program.
The second cohort of the three-month Accelerator Program is set to commence on 24 April 2023, selected projects will go through a 12-week acceleration program and receive upfront seed funding of USD $30,000. Participants will also have the chance to secure up to US$300K in further seed funding from Cronos Labs, as well as attend mentoring sessions, bespoke masterclasses, and fireside chats with industry experts. Further tailored benefits include marketing and public relations support, strategic advising, auditing support, introductions to the Crypto.com Capital team, and networking opportunities with leading crypto venture capital funds.
Focusing on the priority verticals of DeFi, GameFi, SocialFi and Infrastructure, the second cohort of the Accelerator Program will be accepting applications from this week onwards until the closing date on 24 March 2023. Projects will be carefully selected based on the criteria of market potential, the experience of the leadership team, market fit, and synergies with Cronos chain. The program remains focused on fostering innovation and growth within the Cronos ecosystem, the leading Cosmos-built and Ethereum virtual machine-compatible blockchain, to help propel the widespread adoption of Web3.
Charlotte Kapoor who recently joined the team as the Head of Innovation Programs at Cronos Labs commented, "Scaling up a startup is no small feat, especially on the frontier of Web3. As such, this program has been designed by industry veterans who understand the potential pain points that projects face, through and through. With this in mind, we have structured the program to provide a comprehensive suite of benefits to guide founders on their journey in the development of Web3 dapps, as they leverage the many opportunities that DeFi and GameFi continue to offer." Charlotte brings with her five years of Web3 expertise to grow and support the development of the Accelerator Program.