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Algorand founder Silvio Micali
The Algorand has always been so committed to developing and innovating to show the public about decentralization and how it can help them while adopting the new technology. One of the things they do is to open opportunities to other projects, businesses, and people to provide more real use case applications. They do it by partnering or helping other projects who shares the same goal with the Algorand and to empower decentralization in the current and future generation.
One of the latest programs of the Algorand Foundation is the Algorand Europe Accelerator. Just this month of October, they launched this program with the partnership with Borderless Capital and Eterna Capital. This primary intends to help startups and projects to encourage the development and innovation of blockchain to be adopted in their nature. It allows more opportunities for projects while enabling them to build applications on the Algorand platform.
It is not their first time to launch a similar program because just months ago, they also started this program focusing on Asia with "Algorand Asia Accelerator." With the same objectives, this is for developers and entrepreneurs wanting to create decentralized applications allowing them to build on Algorand. Algorand Europe Accelerator encourages blockchain advancement in particular synergy with finance 3.0 and beyond, engaging projects to build, develop, and strengthen financial innovations in the Algorand ecosystem.
"Europe is crucial for Algorand’s growth, and London is an important startup hub and a crucial financial center.” said the Chief Economist of the Algorand Foundation, Massimo Morini.
The Algorand Europe accelerator is looking for projects for this program. The application is currently open until December 18, 2020, where selected projects will receive an initial $15,000 upfront seed amount from Borderless Capital that may be followed by an additional investment up to $500,000 from both Borderless Capital and Eterna Capital if it shows success in the project. This 12-week program, the Algorand Europe Accelerator will support and help the projects that were selected even with the go-to-market execution, marketing, fundraising, token economics, and subject matter guidance across technological mentorship. They have numerous mentors in various fields and disciplines that will help both Algorand Europe Accelerator and the selected projects to receive advice based on business needs. They include Adi Sideman, Co-Founder at Props, Carlos Domingo, Founder and CEO at Securitize, Adrian Uberto, Managing Partner at Coinlist, Pasquale Tuosto, Director of New Business Ventures at Generali, Tim Boeckmann, Business Developer at Amazon Web Services, as well as Chen Li, CEO at Youbi Capital.
"Algorand has built a technology that enables frictionless finance. This is making the financial world more inclusive and secure. We are very excited to now launch a European hub that will support bold entrepreneurs interested in leveraging this cutting-edge technology." according to a partner at Eterna Capital, Andrea Bonaceto.
The Algorand Foundation
The Algorand Foundation (https://algorand.foundation/) is an organization that aims for a borderless, frictionless economy built on decentralized blockchain technology that lets applications to be developed on the Algorand, strengthening the community of Algorand and the adoption of decentralization. Their vision is to provide financial inclusivity for everyone using a trusted, public, and permissionless infrastructure without the need for central parties.
Borderless Capital
Borderless Capital (https://borderlesscapital.io/) is a cutting-edge financial institution investing capital and co-building financial products that accelerate access, bootstrap adoption, and make worldwide value through the Algorand Borderless Economy. Together with Algorand Foundation and regional accelerator partners, they will support entrepreneurs and developers to build applications on the Algorand and will continue launching the regional accelerators in the future.
Eterna Capital
Eterna Capital (https://www.eternacapital.com/) is a blockchain-focused investment company based in London. They support entrepreneurs that show innovative ideas and development and help them to reach their goals with the new technology. Eterna Capital helps in shaping the future of blockchain technology by assisting them to have access to the market.
With this program and the partnership of the groups behind this, it will give an opportunity for blockchain to be adopted, and the Algorand ecosystem to grow and strengthen, as well as for the startups and projects to innovate. It will be a stepping stone for both sides to achieve their goals and the borderless economy. Now that they are aiming to reach different regions, it will boost the recognition and adoption of blockchain and decentralization in the countries within the region and can continuously spread in other regions in the future for a wider acceptance of decentralization and the borderless economy.
Reference:
Reference 1 (https://algorand.foundation/algorand-europe-accelerator), Reference 2 (https://www.coindesk.com/algorands-new-europe-accelerator-to-boost-startups-with-up-to-500k-in-funding)