Blockchain startup accelerator Cronos Labs has issued a last call for web3 and AI startups to apply for the Cronos Accelerator Program. $100 million of investment has been earmarked for the scheme which is designed to give early-stage crypto projects the tools they need to succeed. More than 1,000 startups have already applied to the program and shared their concepts.
Applications will soon close for the Cronos Accelerator Program, developed by Cronos Labs to nurture teams operating at the intersection of crypto and AI. The confluence of these trends has spawned a wave of projects focused on harnessing the technology to create new applications and engineer new outcomes.
Projects admitted to the accelerator will be given the opportunity to work with program partners including Google Cloud and Amazon Web Services (AWS). These entities will provide AI-related workshops and mentorship sessions to participating projects. During the course of the 12-week program, startups will also be provided mentorship, master classes, marketing and financial support, and introductions to strategic partners.
Cronos Labs is seeking novel proposals that solve real problems while demonstrating ingenious uses for AI, blockchain, and decentralized technology. Their ideas will not only move the needle for AI and web3, but help to grow the Cronos ecosystem of over 500 dapps.
The Cronos Accelerator Program culminates in a demo day that will give startups an opportunity to showcase their work and initiate conversations about funding. Developers on Cronos can also benefit from the support of Cronos Labs’ accelerator and ecosystem development fund. Builders and creators, including outstanding projects admitted to its accelerator, will have the ability to tap into its $100m EVM fund.
Previous graduates of the Cronos Accelerator Program have gone on to enjoy significant success, with a number seeing their concepts built out into fully fledged products and securing further funding. This includes Earn Network, which raised $2.7M to create a marketplace for liquid investments as well as Bubblemaps, who have just closed a $3M seed round.
The application window will soon close for the accelerator program before Cronos Labs assesses the pool of entries it has received. The best applicants will then be invited to participate in the third cohort of the Cronos Accelerator Program which is scheduled to start in January 2024.
About Cronos Labs
Cronos Labs is a web3 startup accelerator that’s focused on decentralized finance, blockchain games, and on the development of the Cronos blockchain ecosystem. Cronos Labs helps builders to create user-friendly applications on Cronos and to drive mainstream adoption of Web3. Ecosystem programs include financial incentives, technical support, marketing support and investor introductions.
Learn more: https://cronoslabs.org/
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