Polygon and Symbolic Capital co-founder Sandeep Neilwal announced the launch of a training program as part of the Beacon accelerator to support startups in the Web3 sector.
According to Sandeep Nailwal, the accelerator was created jointly with Symbolic Capital co-founder Kenzi Wang, former vice president of Sequoia Capital Prateek Sharma and former head of security at Digital Currency Group Uri Stav.
The accelerator is aimed at financing cryptocurrency projects at an early stage of development. Fifteen startups have already received financial assistance from Beacon, but Neilwal said their names will be announced in January.
Startup founders have a 12-week mentorship program. The first program launched in October, with more than 30 founders of 15 startups from various fields, including gaming and DeFi, participating in it. Applications for the next group of startups are open until January 31st.
Beacon mentors will include senior executives Neil Cunha-Gomes of SoftBank, Dan Kim of Coinbase, Maria Shen of Electric Capital, and Paul Veradittakit of Pantera Capital. Neilval added that a special platform has already been created for Beacon, on which accelerator participants will be able to view projects and video presentations.
“Our goal is to build a massive Web3 ecosystem. The most valuable resource in any accelerator is the other founders who go through the training program with the trainees. The accelerator participants will help each other to achieve success and improve the quality of their projects,” Neilval said.
Earlier, the founder of Polygon said that thanks to new developments, the Web3 sector continues to develop, despite inflation and a bearish trend in the cryptocurrency market.
Source: Bits
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