Cointelegraph and Injective Launch 12-Week DeFi Startup Accelerator with $1.1M in Funding and Mentorship Support

Cointelegraph Accelerator and Injective have launched a 12-week startup program tailored for early-stage DeFi and fintech projects. This initiative brings together Cointelegraph’s media expertise and Injective’s blockchain infrastructure to provide startups with a structured environment to develop and scale their ideas [1].

The program is designed to support innovators in refining their concepts, building robust products, and gaining traction within the Web3 landscape. Accepted startups will receive direct mentorship and strategic guidance from industry veterans, offering personalized support to navigate the challenges of launching and scaling in the crypto space [1].

A key feature of the program is the comprehensive support package offered to participants. Each accepted team is guaranteed at least $10,000 in direct blockchain grants from the Injective Foundation. Additionally, qualifying teams may receive further funding from a dedicated $1 million investment fund. This financial backing can provide critical operational support and a runway for long-term growth [1].

In terms of media exposure, Cointelegraph is offering up to $200,000 in promotional support. This includes features, interviews, and campaigns across its platforms, significantly boosting a startup’s visibility and credibility within the global crypto community [1].

Mentorship is another pillar of the program. Participants gain access to a network of experienced mentors from both Cointelegraph and Injective. This includes insights into product development, marketing strategies, and regulatory navigation, offering valuable real-world experience for startups [1].

The program is positioned as a catalyst for innovation within the DeFi ecosystem. By combining media exposure with technological infrastructure, the partnership creates an environment where early-stage projects can overcome common challenges such as limited funding and exposure. It also serves to strengthen the Injective ecosystem by attracting top talent and innovative solutions [1].

The initiative is not just about financial support but also about building a sustainable future for decentralized finance. It empowers founders to focus on product development while ensuring they have the necessary resources and exposure to succeed. This strategic alliance represents a significant step forward in supporting the growth of the Web3 space [1].

Eligible startups are those in the early stages of development, focused on DeFi and fintech solutions that leverage blockchain technology to innovate in finance. The program’s 12-week duration ensures a focused and intensive acceleration period, offering startups a clear pathway to scale and succeed [1].

The collaboration highlights the growing importance of media and infrastructure support in the development of blockchain-based startups. By addressing key pain points such as visibility, funding, and mentorship, the Cointelegraph Accelerator and Injective are helping to bridge the gap between innovation and market readiness in the DeFi space [1].

Source:

[1] title1: Revolutionary Cointelegraph Accelerator and Injective Launch 12-Week Startup Program

url1: https://coinmarketcap.com/community/articles/689ca141db343342142c213f/