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Ignite Accelerator (ex-Tendermint) launches with $150 million for Web 3 projects

Block Crypto | Callan Quinn | Apr 12, 2022

Web3 ignite accelerator - Ignite Accelerator (ex-Tendermint) launches with $150 million for Web 3 projectsApplications are open for a new Web 3-focused startup accelerator launched on Tuesday by Ignite, a core development team within the Cosmos ecosystem.

Eleven investment partners have teamed up to support Ignite Accelerator to the tune of $150 million. They are Alameda Research, KuCoin Ventures, OKX Blockdream Ventures, Hashkey Capital, Chorus One, Figment, Chainlayer, Strangelove Ventures, Forbole, Everstake and Galileo.

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Sane Lebrun, chief growth officer of Ignite:

“We are proud to establish a key driver of strategic growth to the Web 3 ecosystem at large, alongside exceptional like-minded partners.  We have a strong track record in incubating ambitious blockchain projects so our accelerator program is an essential extension, allowing us to scale our efforts in fostering innovation in the blockchain industry,” he added.

The program will support a maximum of 20 projects per year spread across two cohorts. While each session will last six months, participants will aim to have a successful mainnet launch within 12 months.

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NCFA Jan 2018 resize - Ignite Accelerator (ex-Tendermint) launches with $150 million for Web 3 projectsThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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