Beacon Accelerator from Sandeep Nailwal names the first 13 participating companies
Beacon Accelerator from Sandeep Nailwal names the first 13 participating companies
Polygon founder Sandeep Nailwal presented the first 13 web 3 companies that take part in Beacon, his newly introduced startup accelerator.
Nailwal has confirmed that companies that are involved in the next cohort will receive $ 250,000 in support for a post-money rating of $ 8 million. Nagelwal announced Beacons market launch at the end of last year to support the founder of web 3 in coping with the challenges of the industry. It uses weekly meetings and mentoring to help startups build up a community, market yourself and bring your product onto the market. In a FAQ shared with Cryptopotato, the founder said that his team spoke to over 1,000 projects, 15 of whom were selected for the cohort 0 and 13 completed the demo day. These companies included Arcana, Blinkmoon, Chapterx, Colexion, Community Gaming, Cubist, Fastlane, Meta Apes, Mystic Moose, Nillion, Davos Protocol, Timeswap and Yilde. "We believe that cohort 0 is our MVP from Beacon," said Nailwal. "So we selected our favorite teams for this cohort by accepting calls with founders that were obtained from our networks."
Kohort 1 will work differently and use an open application process that is available by January 31. The actual vintage starts in April, for which the founder expects a similar acceptance rate of around 1 %. Nailwal said that ftx The effects of doubt as to whether the companies in cohort 0 would take part in the three-month program. "We have completely scrapped [our user-focused] schedule and had to rewrite the entire agenda, with the focus on giving our company orientation aid in order to guide you through these turbulence." Beacon was a chain-independent program, and most founders focused on the development of cross-chain applications. "With this we had the highest number of teams that built in the Ethereum ecosystem," said Nailwal. The program used five basic values for the screening of Beacon companies-with a primary focus on committed teams. "We are looking for extremely committed founders who have the specialist knowledge, drive and courage to build up the best companies in the world," said Beacon. Beacon also welcomed teams in emerging countries that "may have been overlooked by the traditional VC and accelerator industries". The selection of the accelerator was "vertical agnostic", which means that companies from the entire category of web 3 are welcome and not from a certain industry defi . Promotion of web3 growth
selection criterion