MTS will allocate $5 million to finance blockchain startups

Acceptance of applications for the new MTS acceleration program starts on June 10 and will last two months. Main areas include:

physical devices for accessing distributed registries (crypto cards, blockchain identification systems, crypto ATMs and registry access points);

FinTech services (payment solutions for processing transactions with digital assets, crowdfunding and crowdinvesting platforms, platforms for charitable foundations on the blockchain);

cybersecurity of data and infrastructure.

The main selection criteria are the presence of an MVP and a proven market for product development, a strong team, MTS said in a statement.

The acceleration program will offer participants master classes and workshops from leading experts in the blockchain industry. Startups will also receive individual support from MTS trackers and business customers to refine their products and business strategies.

Projects participating in the blockchain accelerator will be able to test business models on the DFA HUB infrastructure. This platform was developed by a subsidiary of MTS PJSC - Blockchain Hub LLC.