Place/Date: - April 30th, 2021 at 10:26 am UTC · 2 min read
Research-driven venture capital firm IOSG has announced the launch of a new Kickstarter Program. The initiative will provide mentorship and capital to early-stage developers in the Web3 ecosystem.
Applicants who pass the Kickstarter screening will receive between $10,000 and $100,000 funding support thanks to IOSG’s partnership with DeFi Alliance, NEAR, Synthetix, 1inch Network, and imToken.
The developer-friendly VC firm has also secured alliances with DODO, OWC, Celer Network, ECN, ChainSafe, OpenDeFi, Impossible Finance, DAOSquare, and EEA, and aims to support outstanding early-stage development entrepreneurs around the world.
Mentorship in areas such as tech development, product/community building, and talent introduction will be provided as part of the program. IOSG will also take a hands-on role in connecting teams to relevant industry resources and sharing market insights.
Furthermore, shortlisted developers will have the opportunity to participate in the annual Old Friends Reunion event, which attracts leading founders, investors, and blockchain enthusiasts.
The idea for the Kickstarter Program came to IOSG founding partner Jocy Lin during last year’s Shanghai Polkadot Hackathon, where he was part of the judging panel. In China’s most populous city, Jocy was able to better appreciate the enormous potential of developers, while recognizing their limitations due to a lack of capital and mentorship.
With the Kickstarter Program, IOSG seeks to help early stage Web3 developers fulfill their ambitions and create products that add value to the ecosystem and its users. Along with its strategic partners, IOSG aims to foster a rich multi-chain ecosystem by incubating projects on various public chains.
Those interested in obtaining funding should click here to apply.
IOSG is an early stage venture capital firm that invests across Web3 sectors including base layer protocols (Polkadot, Near, Cosmos), DeFi (Synthetix, 1inch, DODO), Social & NFTs (Roll, Mask, Illuvium), and DAOs (Daohaus, Jenny & DAOSquare). The company has hosted over 20 hackathons to date with 500k+ in sponsorships, and aims to be a long-term contributor to its portfolio projects.