By
Chimamanda U. Martha
April 25th, 2024
The long-term vision of the TON Foundation is a decentralized future. Therefore, supporting initiatives like these whose goals align with its vision represent a strategic effort on its part.
The TON Foundation has handpicked eleven innovative projects to join its TON Accelerator Program. This is according to its latest blog post where it revealed that it received no less than 170 applications from various projects.
Since launching in early 2023, the initiative has been keen on supporting promising startups and initiatives within the decentralized finance (DeFi) and Web3 ecosystems. Particularly, the TON Accelerator Program aims to help entrepreneurs integrate seamlessly into the TON-based Web3 ecosystem on Telegram.
With this aim in mind, and having carefully reviewed all applications, TON has found the following projects to have satisfied all requirements. Its list of participants includes Nexton, Gatto, United Finance, Maincard.io, vSelf, Bion, MuggleLink, EdChess, and Moons.so, Kit42, and FireHeadz.
The TON Accelerator Program
Per the announcement, the chosen projects will partake in a 9-week program. Over this period, they will have the opportunity to broaden their knowledge of some of the major aspects of building a successful business. TON assures that, during this time, the selected projects will have access to best practices relating to products, tokenomics & listing, technical knowledge, market strategy, fundraising, and founder sessions.
Perhaps the most important aspect of the program is the fundraising and founder sessions. Part of TON’s statement reads:
“Participants in the Accelerator will receive a comprehensive grant and access to personalized mentorship from top experts.”
Meanwhile, the announcement also confirms that a $2,000,000 pool has already been provided by TON Ventures. This means that top Accelerator participants may secure funding from the pool. More so, there are also additional investment opportunities from TON Foundation’s network, per the foundation.
More Than Just a Financial Support
From all indications, the TON Accelerator Program would not just be rendering financial support to participants. Rather, its blueprint suggests that the program aims to foster a vibrant ecosystem where startups can collaborate, learn, and grow together.
By bringing like-minded entrepreneurs together like this, and providing them access to resources and mentorship, the program sets the participating projects on a path of accelerated growth. But that’s not all.
Ultimately, the long-term vision of the TON Foundation is a decentralized future. Therefore, supporting initiatives like these whose goals align with its vision represent a strategic effort on its part.