NEAR Protocol Launches Its 1st India Accelerator To Strengthen the Blockchain Startup Ecosystem in India

New Delhi, May 4, 2021: NEAR, an open-source platform geared toward accelerating the event of decentralized purposes, as we speak introduced the launch of their first India focussed NEAR India Accelerator program. Woodstock Fund, a DLT- focussed multi-asset funding Fund, and Fracton Ventures, a distinguished Web3.zero centered Japanese funding and improvement platform, have joined the accelerator as Investment companions and Go-to-Market entry Partners respectively. The NEAR India Accelerator goals to nurture and determine upcoming Indian startups that wish to innovate within the blockchain house, construct impactful merchandise that remedy real-world issues, and strengthen India’s blockchain prowess within the world ecosystem. Through the accelerator, NEAR Foundation and Woodstock Fund will cumulatively supply as much as $200ok in funding together with mentorship from world specialists within the blockchain and startup house, go-to-market entry to the NEAR and Woodstock Fund’s expansive ecosystem together with advertising help to revolutionary startups with impactful options constructed on the NEAR protocol for real-world issues. Fracton Ventures will present Go-to-Market help in Japan and can open up alternatives for the taking part startups within the Japanese blockchain and funding ecosystem.

NEAR is a decentralized improvement platform that’s constructed on NEAR Protocol, a public, sharded, developer-friendly, proof-of-stake blockchain. It is a extremely scalable, cost-effective platform for builders to construct decentralized purposes on. This platform is specifically designed to offer a decentralized, ubiquitous floor ground for different builders to construct their purposes on. Through its India accelerator, NEAR has determined to open up its experience and supply help to the inventive minds within the Indian tech startup ecosystem.

Spanning three months, the accelerator program is open to creators, innovators, startups, and builders from throughout India engaged on initiatives which are previous the proof-of-concept part to construct distinctive and inventive merchandise using digital property and blockchain know-how. The NEAR India Accelerator will likely be interspersed with meetups earlier than the closure of registrations which will likely be adopted by a two-week-long boot camp for chosen registrants. The startups that make it by a boot camp will likely be invited to pitch on the demo day for as much as $100ok in funding. The inaugural meetups of the NEAR India Accelerator will likely be directed in direction of offering sufficient help, mentorship, and information to assist the individuals construct their enterprise options on the NEAR platform. The Accelerator will deal with startups with cutting-edge concepts, related blockchain use instances, and a dedicated crew.

“NEAR is before everything a group for entrepreneurs and creators, and the startup ecosystem in India has shortly grow to be a number one supply of blockchain innovation and entrepreneurship. I’ve little doubt that a few of the main concepts and transformations throughout industries will emerge from India within the years to return, so launching the NEAR India Accelerator program was the apparent alternative for our group. India’s startup ecosystem is already fixing a few of the most crucial points going through the nation as we speak, and with this accelerator program, we intention to focus on these efforts and empower up-and-coming entrepreneurs to carry new concepts to life and to propel India ahead as a powerhouse in world blockchain-led innovation, stated Erik Trautman, CEO of NEAR Foundation.”

The accelerator program is launched in partnership with Lumos Labs, an innovation management firm specializing in running technology open innovation programs in India. The entries will be judged by a distinguished panel of industry leaders and subject matter experts on three primary aspects of problem selection, solution innovation, and impact achieved. The registration window will be open from May 4 – June 20, 2021, which will be followed by 3 rounds of filtration with 50 teams shortlisted in the first cohort, 15 teams in the second, and finally five teams in the final cohort that will present their solutions in the Final Demo Day.

If you have an interesting Blockchain Use case and are excited to apply for the NEAR India Accelerator Program, Click here!

To learn more about NEAR Protocol, feel free to visit- https://near.org/

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