Deadline: 31-Oct-22
AXL Ventures and Algorand Foundation have launched the Accelerator Program for APAC.
Created and supported by Optio Capital, AXL is perfectly positioned to help the next wave of startups accelerate to excel.
Algorand is a powerful L1 blockchain that provides the technical foundation and performance to unlock tremendous advances in verticals like global financial infrastructure and its associated products and services.
Program Guide
- Their 12-week program helps promising teams develop strong foundations and build confidence in their growth trajectory while being guided by some of the most experienced mentors in the world.
- Each month will follow a general theme and the program will end in a pitch event in month 3.
- Month 1: “Foundation”
- Problem & solution review.
- Business model audit.
- Product deep dive.
- Mentor matching!
- Month 2: “Execution”
- Double down on hitting product milestones.
- Customer development.
- Month 3: “Ignition”
- Preparation for fundraising.
- Investor introductions.
- Demo day.
Duration: 3 months.
Investment: $35,000 USD investment for 3.5% equity. Specific terms are negotiated on a per-startup basis.
AXL’s Commitment to Supporting Startups in Australia and Beyond with Resources and Funding
- AXL has committed to deploying 4 Algorand accelerator programs over 3 years with the goal of investing and accelerating up to 48 startups over that time.
- The first cohort of the accelerator will begin in late January 2023 and run for 12 weeks. Each cohort will be between 10-12 companies.
- Each startup will have access to a network of well connected industry experts who can help them navigate complex topics ranging from token economics to building scalable infrastructure. AXL will match mentors to companies. In addition to mentors, startups will engage closely with the Program Director on a weekly basis to address tactical challenges and track progress.
- The program will culminate in a pitch day where cohort startups will have the opportunity to meet a breadth of investors with the potential to raise follow-on financing.
Criteria
- Teams across the APAC region who are building on Algorand are welcome to apply. Our program is backed by the Algorand Foundation and its major supporters giving you the absolute best network to help you excel.
- The accelerator program will begin in late January 2023 and run until late April 2023. This is the criteria AXL will use to evaluate projects.
- Why Algorand?
- Problem space.
- Team expertise and camaraderie.
- Traction.
- Market size.
- Technology.
- Ecosystem.
- Partners.
For more information, visit https://www.algorand.foundation/news/axl-ventures-apac-accelerator