Cronos Labs Calls for Web3 and AI Startups for $100M Accelerator Program


Cronos Labs, a blockchain startup accelerator, is seeking web3 and AI startups to apply for its $100 million Cronos Accelerator Program. The program aims to support early-stage crypto projects by providing them with the necessary resources for success. With over 1,000 startups already applying and sharing their innovative concepts, Cronos Labs is nearing the end of its application window.

The Cronos Accelerator Program focuses on nurturing teams operating at the intersection of cryptocurrency and AI. As the convergence of these trends continues to foster a wave of projects, Cronos Labs aims to help these startups harness technology to create novel applications and engineer new outcomes.

Accepted projects will have the opportunity to collaborate with program partners such as Google Cloud and Amazon Web Services (AWS). These partnerships will offer workshops, mentorship sessions, and guidance on AI-related topics. In addition, participating startups will receive mentorship, master classes, marketing and financial support, and introductions to strategic partners during the 12-week program.

Cronos Labs is specifically looking for innovative proposals that address real-world problems while showcasing ingenious applications of AI, blockchain, and decentralized technology. By doing so, these ideas will not only drive advancements in AI and web3 but also contribute to the growth of Cronos’ ecosystem of more than 500 decentralized applications (dapps).

The Cronos Accelerator Program culminates in a demo day where startups can showcase their work and engage in funding discussions. Developers on Cronos will also have access to support from Cronos Labs’ accelerator and ecosystem development fund. Exceptional projects admitted to the accelerator will even have the opportunity to tap into the $100 million EVM fund.

See also  Benchmark Tool GAIA Developed by AI Startups to Evaluate Progress Towards AGI

Previous graduates of the Cronos Accelerator Program have achieved significant success, with some seeing their concepts developed into fully-fledged products and securing additional funding. For instance, Earn Network raised $2.7 million to build a marketplace for liquid investments, while Bubblemaps recently closed a $3 million seed funding round.

As the application window is set to close soon, Cronos Labs will evaluate the pool of entries received and select the most promising applicants for the Cronos Accelerator Program’s third cohort. The program is scheduled to commence in January 2024.

About Cronos Labs, it is a web3 startup accelerator dedicated to decentralized finance, blockchain games, and the development of the Cronos blockchain ecosystem. The company assists builders in creating user-friendly applications on Cronos and driving mainstream adoption of web3. Their ecosystem programs offer financial incentives, technical support, marketing assistance, and investor introductions.

Disclaimer: Press release sponsored by our commercial partners.

Frequently Asked Questions (FAQs) Related to the Above News

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:



More like this

Twitter VP Exits for Times Bridge; OpenAI Exec Tapped for AI Summit, India

Former Twitter VP joins OpenAI in India as the organization establishes a team, while OpenAI's VP of global affairs addresses an AI summit, highlighting the organization's commitment to international cooperation. India's growing importance in the tech landscape and OpenAI's dedication to expansion underscore their focus on innovation and AI advancement.

Google’s Gemini Ultra AI Model Challenges OpenAI’s GPT-4, but Uncertainty Looms, US

Google's Gemini Ultra AI model challenges OpenAI's GPT-4, but uncertainty arises as it only narrowly surpasses its predecessor. While impressive, the edited video demo raises questions about Google's claims of real-time interaction. Google aims to capitalize on OpenAI's recent turmoil, but its history of big promises without follow-through is a factor to consider.

Bitcoin Ordinals: The Future of NFTs on the BTC Blockchain

Discover Bitcoin Ordinals, the future of NFTs on the BTC blockchain. Will they drive the next market surge for Bitcoin? Find out more here.

OpenAI CEO Sam Altman Ousted Amidst AI Race Controversy

OpenAI CEO Sam Altman removed amidst internal struggles, leaving uncertainty in the AI industry. The future trajectory of OpenAI remains unclear.