We’re delighted to announce the launch of Algorand Europe Accelerator, the first European accelerator supporting projects looking to build applications on the Algorand platform. Our aim is 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. This initiative is led by Eterna Capital, Borderless Capital, and the Algorand Foundation.
Applications are now open until 18th December 2020. You can submit your application here.
"Following the success of our Asia Accelerator Program, I’m excited about the launch of the Algorand Europe Accelerator. Europe is crucial for Algorand’s growth, and London is an important startup hub and a crucial financial center.” - Massimo Morini, Chief Economist at The Algorand Foundation
Selected projects will receive USD$15,000 upfront seed funding from Borderless Capital, with successful projects eligible for up to USD$500,000 in follow-on investment from both Borderless Capital and Eterna Capital.
For the duration of the 12-week accelerator program, we will provide 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. We have also onboarded mentors distinguished in various fields and disciplines, including Adi Sideman, Co-Founder at Props, Carlos Domingo, Founder and CEO at Securitize, Adrian Uberto, Managing Partner at Coinlist, and Chen Li, CEO at Youbi Capital.
"Algorand has built a technology that enables frictionless finance. This is making the financial world more inclusive and secure. We are very excited to now launch a European hub that will support bold entrepreneurs interested in leveraging this cutting-edge technology." - Andrea Bonaceto, Partner at Eterna Capital
The accelerator is built on top of the success of Eterna Borderless Venture Studio, an initiative we launched in April 2020 with the participation of 7 projects who looked to integrate their product offering with the Algorand blockchain.
"Although we joined Eterna Borderless Venture Studio just a few months ago, PlanetWatch has already significantly benefited from this partnership in terms of high-quality mentoring, valuable introductions to business partners, and preferential access to products and services from third parties. Since then, PlanetWatch has leveraged IoT systems and sensors to build the first permanent, tamper-proof global air quality ledger on the Algorand blockchain.” - Claudio Parrinello, CEO at PlanetWatch
The establishment of Algorand Europe Accelerator will drive long-term adoption and growth of the Algorand ecosystem, while accelerating the trajectory of startups creating valuable solutions spanning finance, exchange, custody, and more.
We are looking to nurture outstanding projects creating the decentralized applications that will drive the next wave of adoption. If you have an exciting idea to build on Algorand, please apply here by December 18th 2020. If you know any promising entrepreneurs and developers building decentralized applications, please spread the word across your network.
About The Algorand Foundation
The Algorand Foundation is a not-for-profit organization that has a vision of a borderless, frictionless economy built on public, decentralized blockchain technology. The Foundation envisions a wide breadth of applications being built on the Algorand protocol by a new, broader community of blockchain and mainstream developers. The Foundation is committed to facilitating this innovation in a sustainable and eco-friendly manner. For more information, visit https://algorand.foundation.
About Borderless Capital
Borderless Capital is a modern financial institution investing capital and co-building financial products that accelerate access, bootstrap adoption, and create value globally through the Algorand Borderless Economy. We do not stop with just investment. We also provide guidance and mentorship to grow our portfolio companies into successful and category leading businesses. As a thought leader in blockchain with deep expertise in the Algorand ecosystem, we advise our portfolio companies on go-to-market strategies to effectively build their network effect. In short, we leverage the synergy of our portfolio, partner network, and domain expertise to create value for everyone. For more info: https://www.borderlesscapital.io.
About Eterna Capital
Eterna Capital is a London-based investment company focused on blockchain technology. Eterna Capital supports entrepreneurs that envision bold innovative ideas, and have the plan in place to make them happen. Eterna Capital is committed to help them reach their ambitious goals by providing unique insights and support. For more information, visit www.eternacapital.com.