According to Cointelegraph, venture capital funding for Web3 startups has experienced a significant drop over the last year, making it more challenging for new projects to progress through their early stages. To address this issue, Web3-focused accelerators have emerged, offering tailored programs and resources to help guide startups through the unique challenges they face. These accelerators provide mentorship from industry experts, access to well-established networks, and programs designed to address the specific needs of Web3 ventures.
Hong Kong-based Brinc is one such venture accelerator that supports entrepreneurs from around the globe in various sectors, including Web3. In partnership with Animoca Brands, Brinc has accelerated more than 60 Web3 companies across various industries. The company has recently partnered with Cointelegraph to create a two-way bridge between their respective accelerator programs, aiming to combine Cointelegraph's global audience and marketing experience with Brinc's expertise in product development, token design, scaling strategy, and network introductions.
As part of this collaboration, Brinc and Cointelegraph will hold joint demo days for up-and-coming Web3 startups, allowing them to showcase their projects to a broader audience. They will also open up their respective networks of projects, mentors, and investors to the participants of their accelerators. This partnership aims to provide a clear roadmap for startups, enabling them to build their minimum viable product, strategize to scale, and connect with best-fit partners under Brinc's guidance, before launching their product to a global audience via Cointelegraph Accelerator.
