Zilliqa, the Singapore-based enterprise-grade blockchain platform, has introduced its 2021-2022 cohort of ZILHive Acceleratorinitiatives. The ZILHive Accelerator is a six-month program inquisitive about launching blockchain-enabled initiatives from idea to commercialization.
The accelerator program is a part of ZILHive’s end-to-end ecosystem designed to foster leading edge blockchain packages all through quite a lot of levels of adulthood. Startups within the accelerator will be capable of follow for added investment beneath ZILHive Grants, geared toward supporting particular pre-launch wishes corresponding to regulatory compliance or technical integration with third-party apps.
Han Wen Chua, Vice President of Ecosystem Expansion at Zilliqa, commented: “The super growth the startups have made in turning their concepts into real-world use circumstances for blockchain is a validation of our efforts at rising Singapore’s position within the world fintech ecosystem.”
Six of the 8 startups approved into the Accelerator this 12 months have been complicated from an previous Incubator program which started in March.
The inaugural 14-week ZILHive Incubatormatched technical and non-technical individuals into groups that might design and construct distinctive answers at the Zilliqa blockchain protocol.
The 8 startups approved into the Accelerator come with:
Get right of entry to, a startup that appears to struggle ticketing fraud and save you price tag scalping by means of issuing tickets as non-fungible tokens;
Cerchia, a startup construction blockchain-based equipment to assist disaster bond issuers, re-insurers, and buyers higher expect and value the dangers of herbal hazards thru crowdsourcing;
Green Beanz, a undertaking that targets to incentivize consumer-facing corporations and NGOs to strengthen the transparency and accuracy in their company social accountability and sustainable building objectives reporting;
HeyAlfie, a wise dashboard for customers to regulate, make investments and borrow virtual property thru a unmarried interface, by means of connecting more than one varieties of wallets (custodial, non-custodial, or even change accounts);
Invopay, an bill financing platform designed to assist small-to-medium enterprises (SMEs) higher organize their money go with the flow with low-interest loans secured at the blockchain;
MustPool, a gamified no-loss prize protocol, the place the deposited idea stays secure and the prizes come from the curiosity income, leveraging other staking and lending dApps on Zilliqa;
Tyron SSI Protocol, a self-sovereign identification protocol that allows customers to regulate get right of entry to to their information securely, whilst permitting them to supply verified credentials selectively with out depending on middlemen or centralized databases;
Ultimate Franchise Fantasy Sports, a myth sports activities platform providing virtual asset possession to sports activities fanatics thru using NFTs to constitute athletes within the quite a lot of sports activities leagues.
Startups approved into the Accelerator characteristic founders from numerous backgrounds – from enterprising school scholars to seasoned trade pros.
“The range of the individuals graduating from the incubator and into the accelerator program spotlight the significance of getting a complete suite of techniques, every adapted to the other levels of an innovator’s adventure,” famous Chua.
Get right of entry to founder Mihir Mohan mentioned, “From the design sprints with the ZILHive crew to the precious recommendation I’ve won from skilled pros all through the Incubator program, ZILHive’s techniques have helped me flip my concepts right into a viable product.” Mohan first joined ZILHive thru its pupil practicum and later began Get right of entry to all through the incubator program.
Tasks corresponding to Cerchia, however, have been based by means of seasoned trade pros.
Led by means of a founding crew of quants and possibility managers from the likes of monetary establishments corresponding to UBS and GIC, Cerchia’s leader technical officer Fabian Buchmann mentioned, “The ZILHive Incubator was once a good chance to magnify our community and build up the crew’s experience considerably with their complementary ability units. The improvement of a minimal viable product all through the incubator has ready us to release the product at the Zilliqa protocol all through the approaching accelerator program.”
ZILHive has additionally appealed to conventional companies taking a look to generate new earnings fashions by means of enforcing rising applied sciences into their present tech stack. Judobi is taking a look to release Invopay, its new bill financing platform, by way of the ZILHive Accelerator.
Julien Doherty-Bigara, CEO of Judobi, mentioned: “The ZILHive Incubator has unfolded a brand new bankruptcy in my entrepreneurial adventure by means of partnering my crew with nice co-founders to resolve an actual drawback the usage of blockchain. The incubator itself helped us to conceptualize and validate our concept and we’re now taking a look ahead to powering the expansion of Invopay with the ZILHive Accelerator program.”
The ZILHive Accelerator program will culminate in a global Demo Day in December 2021, the place remarkable initiatives stand the danger to obtain as much as USD $150,000 in enlargement capital from ZILHive Ventures, Zilliqa’s inside undertaking fund.