New Lisk Accelerator Offers Up To 250K To Web3 Start-Ups

Established Web3 company Lisk has recently announced the launch of its new Accelerator. Start-ups intending to build blockchain apps and drive Web3 adoption forward can receive up to 250K in CHF (that's about $270K)in funding. The company does not claim any equity in the projects it chooses to support. 

Lisk’s mission is to make Web3 accessible to everyone. To accomplish that, the company operates at two levels: 1) developing a highly advanced Javascript SDK (Software Development Kit) that makes building on the blockchain easy and 2) funding start-ups with innovative, purposeful app ideas that build on the platform. 

The Mission: Advancing Web3 Accessibility 

To Max Kordek, co-founder of Lisk, accessibility means 'easy to get at' and also 'easy to use'. "But crypto and Web3 are not easy," says the visionary who built his first app at the age of 14, "so what we're doing at my company is to break down the complexity and make it easier to use." His vision is to create a kind of app store for Web3. Kordek wants to enable developers and users to transition from Web2 to Web3 technologies seamlessly. 

To get to that stage, building blockchain apps needs to be as simple and effortless as building regular apps. Currently, software developers cannot use their existing competencies but need to acquire blockchain-specific programming languages and skills. Additionally, Web3 apps are often cumbersome to use. For mass adoption to occur, they need to provide the same level of user experience as any common app. 

Lisk has already taken big steps with its Javascript SDK, so entrepreneurs don’t need blockchain specialists to build their apps. With the professional help available through the Accelerator, they can now build a user-friendly, practical Web3 app.

What Makes the Accelerator Attractive?

These five features make the Lisk Accelerator stand out from most average Web3 accelerators that offer only part of the benefits:  

1. Few other Web3 accelerators offer an equally high amount of funding. Many Web3 companies that provide a similar extent of technical support only function as incubators without funding.
2. Lisk does not ask for any equity in return. The start-up remains the sole owner of the app developed with Lisk's financial and technical support.
3. An experienced team of blockchain professionals guides the participants through developing their apps on the Lisk blockchain. The dedicated support team is available via live chat at any time. In addition, participants become part of the Lisk community and gain full access to the training network. 
4. Lisk partners with other Web3 companies, such as CV Labs and Accubits. Accelerator participants have the opportunity to benefit from the partnerships and get additional training, mentoring, and expert advice. 
5. Applicants to the Lisk Accelerator receive an answer within two weeks of their initial application. Each application undergoes a meticulous but fast review process. 

From Bootstrap to Breakthrough

The Lisk Accelerator program is set up in stages of four grants to provide start-ups with an extra incentive. The structure also enables the Lisk team to focus their support on what's needed in each development phase. Each grant in the Accelerator is accompanied by the technical and business support required in that particular stage of building and scaling a Web3 app. Whenever a stage is completed, the start-up team can apply for the next grant. 

1. Bootstrap Grant - this grant provides developers who don't have a PoC (Proof of Concept) built with Lisk the initial funding to do so.
2. Builder Grant - this grant provides the funding and the support to build a functioning Web3 app and connect it to the Lisk mainnet. 
3. Booster Grant - this grant supports the testing and optimization phase and helps create the product's go-to-market initiatives. 
4. Breakout Grant - The final grant helps start-ups scale their app and establish a successful business around it.

Large-scale Support for Ambitious Teams

The Lisk Accelerator program targets enthusiastic builders and entrepreneurs with a genuine ambition to push toward a Web3 future. The company seeks dedicated start-up teams interested in long-term project development and scaling. The ideal candidates are entrepreneurs who will shape the internet's impact on businesses, industries, science, culture, and everyday life. The idea is to make the web more beneficial to both the broad audience of users and the providers of services and products. 

Lisk is already supporting several start-ups that build promising apps and the ecosystem is growing consistently. Some noteworthy apps are the social media NFT platform Enevti, and NFT marketplace Colecti. In the music industry, where Web3 is gaining ground, Lisk is involved in the development of the streaming platform Muzikie. Another area of special interest for the company is DeSci, short for decentralized science. DeSci aims to take financial or political interest drivers out of scientific research and work. One such project participating in the Lisk program is Jellyspace. 

Application is Open For a Limited Time

These apps are part of the initial Lisk Grant Program. Based on the experience collected through this program and feedback from participants, the Lisk team has developed the new, improved Lisk Accelerator. 

The Accelerator is open for applications from March 20th through June 30th, 2023. A second batch of applications will be accepted from September 1st through November 30th, 2023. Applications can be placed through the Lisk Accelerator website. 

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