Brinc and Cointelegraph Collaborate to Empower Web3 Startups with Accelerator Programs
Summary:
Brinc and Cointelegraph have partnered to create a bridge between their Web3-focused accelerators, providing support and resources for startups in the nascent Web3 ecosystem. Brinc's accelerator program offers mentorship, funding, and access to a network of prominent Web3 names, while Cointelegraph Accelerator focuses on marketing strategies and media coverage. Participants can build their projects with Brinc's guidance and then showcase them to a global audience through the Cointelegraph platform.
Web3 startups often encounter unique challenges within the early-stage ecosystem, such as navigating complex regulations and implementing decentralized scaling. In the past year, there has been a significant decline in venture capital investment flowing into Web3 startups, making it even more critical for new projects to receive support during their initial phases. This is where Web3-focused accelerators come into play, offering specialized programs designed by industry experts to guide promising projects through the uncharted territory of Web3. These accelerator programs provide a range of resources tailored to the specific needs of Web3 ventures, including mentorship from industry professionals, access to established networks, and customized support for the distinct obstacles faced by emerging startups. The decline in funding for Web3 startups during the crypto winter of 2022 has continued, without any signs of recovery.
To withstand economic downturns and beyond, it is crucial for the industry to collaborate and explore alternative avenues beyond traditional venture capital. Brinc, a venture accelerator based in Hong Kong, empowers innovators to tackle global challenges across various sectors including climate and food technologies, hardware, IoT, and Web3. With investments in 239 companies from over 36 countries, Brinc's Web3 program is delivered in partnership with Animoca Brands and is preparing for its fourth cohort in Q1, 2024. Over the course of the program, Brinc has successfully accelerated more than 60 Web3 companies spanning technology, DeFi, gaming, metaverse, entertainment, healthcare, and arts and culture.
In a new partnership, Brinc and Cointelegraph are joining forces to establish a two-way bridge between their respective Web3-focused accelerators. Leveraging Cointelegraph's global audience and marketing expertise along with Brinc's proficiency in product development, token design, scaling strategy, and network introductions, the aim is to offer a synergistic approach that benefits the participants of both accelerators. This collaboration will include joint demo days for up-and-coming Web3 startups, enabling them to showcase their projects to a wider audience. Furthermore, Cointelegraph and Brinc will open up their networks of projects, mentors, and investors to the participants of their accelerators.
Cointelegraph Accelerator, in coordination with Brinc, will provide mentorship opportunities for its participants through Brinc's network of esteemed Web3 industry players such as Animoca Brands, Consensys, AWS, and Filecoin. Similarly, Brinc's accelerator program and potential portfolio companies will have the opportunity to benefit from Web3 Marketing and other workshops conducted by Cointelegraph Accelerator, alongside special discounts for Cointelegraph's media products.
This collaboration sets a clear roadmap for startups joining the programs. Participants can leverage Brinc's guidance to build their minimum viable product, strategize for scalability, and establish partnerships, before launching their projects to a global audience through the Cointelegraph Accelerator platform. Cointelegraph Accelerator aims to catalyze the growth of promising Web3 projects by developing comprehensive marketing strategies, providing advertorial media coverage, organizing specialized workshops, facilitating participation in crypto events, and introducing participants to its extensive network of institutional investors, exchanges, and advisors.
Published At
9/8/2023 1:30:00 AM
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