Web3 Innovators Get a Increase with Consensys’ $1.5 Million Fellowship Program

Consensys CEO Joseph Lubin. Supply: a video screenshot.

Blockchain improvement agency Consensys has introduced the launch of its inaugural Consensys Fellowship Program, geared toward offering crucial assist for Web3 startups and founders.

The pre-accelerator program is designed to empower contributors to harness the potential of Web3 applied sciences, notably these inside the Consensys software program suite, together with MetaMask SDK, MetaMask Snaps, and Linea.

This system’s first cohort will embrace 15 startups that can endure a 12-week immersive expertise, involving hands-on workouts, interactive workshops, and case research, the announcement from Consensys mentioned.

It defined that the actions will likely be guided by subject-matter consultants comparable to Austin Griffith, co-founder of Buidl Guidl; Lindsey Winder, co-founder of Hedgey Finance; and Vanessa Grellet, managing accomplice at Aglae Ventures.

The announcement famous that these consultants’ mentorship will likely be instrumental in addressing frequent challenges within the Web3 area.

$1.5 million potential funding

One of many standout options of the Consensys Fellowship Program is that it’s a no-equity program, providing the chance for taking part groups to safe potential investments of as much as $1.5 million from Consensys Mesh and its Tachyon program.

This monetary assist goals to empower groups to develop modern use instances that may profit the broader Ethereum neighborhood.

Consensys CEO Joseph Lubin is the co-founder of Ethereum, and his agency is seen as a key participant within the Ethereum ecosystem.

Mentorship alternatives

The Along with monetary assist, contributors could have the prospect to be taught from Web3 trade leaders by means of speaker classes, workshops, and peer-to-peer working teams.

These actions will cowl important matters like product-market match, enterprise modeling, development technique, engineering technique, and fundraising, Consensys mentioned.

Moreover, the Consensys Fellowship Program presents a part-time construction, permitting founders to decide on between retaining their full-time jobs or totally dedicating themselves to their startups.

This system culminates in an in-person Demo Day, the place fellows can showcase their modern options to potential traders and collaborators.

Key companions concerned within the initiative embrace SheFi, Bankless DAO, Open Zeppelin, SAFE, GitHub for Startups, Aave Firms, Polygon, Utopia Labs, Gitcoin, and extra.

Functions for the primary cohort of the Consensys Fellowship Program are at present open and can shut on October third, 2023, at 11:59 pm EST, the announcement mentioned.

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