{"id":89620,"date":"2020-10-15T08:55:00","date_gmt":"2020-10-15T05:55:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/algorands-new-accelerator-program-in-europe-to-issue-grants-up-to-500k\/"},"modified":"2020-10-15T08:55:00","modified_gmt":"2020-10-15T05:55:00","slug":"algorands-new-accelerator-program-in-europe-to-issue-grants-up-to-500k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/algorands-new-accelerator-program-in-europe-to-issue-grants-up-to-500k\/","title":{"rendered":"# Algorand\u2019s new accelerator program in Europe to issue grants up to $500K"},"content":{"rendered":"

“# Algorand\u2019s new accelerator program in Europe to issue grants up to $500K <\/strong>”
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The Algorand Foundation, the governance and research organization behind major blockchain platform Algorand, is launching a new accelerator program in Europe.<\/p>\n

Known as \u201cAlgorand Europe Accelerator,\u201d the new program intends to support European developers and entrepreneurs looking to build app<\/a>lications on the Algorand platform.<\/p>\n

Announcing the news<\/a> on Oct. 15, the Algorand Foundation told Cointelegraph that the new program will launch in collaboration with established Algorand\u2019s investors, Eterna Capital and Borderless Capital.<\/p>\n

As part of the program, Borderless Capital will distribute $15,000 in upfront seed funding to ten selected projects. Successful initiatives will be eligible for up to $500,000 in follow-on investment from both Borderless Capital and Eterna Capital.<\/p>\n

A spokesperson for the Algorand Foundation said:<\/p>\n

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\u201cThe most successful projects are eligible for $500,000 in follow-on investment […] We are not setting a predetermined number of startups that will receive this additional funding.\u201d<\/p>\n<\/blockquote>\n

The Algorand Europe Accelerator also intends to provide selected projects with expertise in areas like strategy formulation, market execution, and subject matter guidance across tech mentorship, token economics, marketing, and fundraising. The 12-week program has already onboarded some mentors including industry experts like Props co-founder Adi Sideman, Securitize CEO Carlos Domingo, and Youbi Capital CEO Chen Li.<\/p>\n

Massimo Morini, chief economist at the Algorand Foundation, said that the development of Algorand-based applications in Europe is \u201ccrucial for Algorand\u2019s growth\u201d as \u201cLondon is an important startup hub and a crucial financial center.\u201d<\/p>\n

Algorand\u2019s new Europe accelerator program follows a similar initiative to the one announced<\/a> in Asia earlier this year. In June 2020, the Algorand Foundation launched the Algorand Asia Accelerator to award Algorand developers $15,000 and $250,000 in seed funding and follow-on investment, respectively. The program was also funded by Borderless Capital and Eterna Capital.<\/p>\n

A spokesperson for the Algorand Foundation told Cointelegraph that the Asia Accelerator program received more than 150 applications during the application period. \u201cWe will be sharing more details on the Inaugural Batch of Blockchain start-ups which have been selected very soon,\u201d the representative said.<\/p>\n

Algorand is involved in a number of international blockchain and fintech developments like China\u2019s Blockchain Service Network and the ongoing implementation of the central bank digital currency (CBDC) on the Marshall Islands. Algorand joined Marshall Islands\u2019 CBDC project \u2014 the Marshallese Sovereign \u2014 in March 2020.<\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Algorand\u2019s new accelerator program in Europe to issue grants up to $500K ” The Algorand Foundation, the governance and research organization behind major blockchain platform Algorand, is launching a new accelerator program in Europe. Known as \u201cAlgorand Europe Accelerator,\u201d the new program intends to support European developers and entrepreneurs looking to build applications on…<\/p>\n","protected":false},"author":1,"featured_media":89621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/c00c16f6b1cc4b947b8172585acb1c92.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75866,74894,75719,25196,117,73821,28340],"class_list":["post-89620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-algorand","tag-blockchain","tag-funding","tag-asia","tag-business","tag-developers","tag-europe"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/89620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=89620"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/89620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/89621"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=89620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=89620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=89620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}