Brinc collaborates with Cointelegraph Accelerator to simplify Web3.

Web3 startups frequently encounter challenges that are specific to the emerging ecosystem — intricate regulatory frameworks and the complexities of scaling with decentralization are just a couple of examples. The influx of venture capital into Web3 startups saw a significant decline over the past year, and new initiatives require more support than ever to advance their efforts during the initial stages.

This is where accelerators focused on Web3 can play a vital role. Programs crafted by industry leaders serve as navigators to assist promising projects and startups as they explore the uncharted territories of Web3. Customized to meet the distinct needs of Web3 enterprises, accelerator programs provide a variety of resources, including mentorship from industry veterans, access to a well-established network, and initiatives aimed at tackling the specific challenges faced by emerging startups.

Funding for Web3 startups was adversely affected during the crypto winter of 2022, and has yet to bounce back. Source: Cointelegraph Research

Web3-friendly accelerators collaborate

As market conditions become uncertain, it is essential for the industry to work together and discover alternatives to venture capital to withstand economic challenges. Based in Hong Kong, Brinc is a venture accelerator that empowers innovators to address some of the world’s most pressing issues and actively supports entrepreneurs globally on their journey toward innovation. Offering accelerator programs to businesses across various sectors, including climate and food technologies, hardware, Internet of Things (IoT), and Web3, the firm has invested in 239 companies from over 36 countries.

Brinc’s Web3 program is executed in collaboration with Animoca Brands and is scheduled to host its fourth cohort in the first quarter of 2024. Through this initiative, Brinc has accelerated more than 60 Web3 companies, spanning technology and infrastructure, DeFi, gaming, metaverse, entertainment, healthcare, arts, and culture.

The new collaboration between Brinc and Cointelegraph aims to establish a reciprocal connection between Brinc’s Web3-focused accelerators and the Cointelegraph Accelerator program. The objective is to leverage the complementary strengths of both accelerators by merging Cointelegraph’s extensive audience and marketing expertise with Brinc’s proficiency in product development, token design, scaling strategies, and network introductions.

Brinc accelerator programs offer mentorship, funding, and access for startups. Source: Brinc

In partnership with Cointelegraph Accelerator, Brinc intends to organize joint demo days for emerging Web3 startups, allowing them to present their projects to a wider audience. As part of this collaboration, Cointelegraph and Brinc will share their respective networks of projects, mentors, and investors with the participants of their accelerators.

Brinc’s network of notable Web3 entities, which includes Animoca Brands, Consensys, AWS, Filecoin, and others, will provide mentorship to participants of the Cointelegraph Accelerator. Similarly, Brinc’s accelerator program and potential portfolio companies will benefit from Web3 marketing and additional workshops conducted by Cointelegraph Accelerator, along with exclusive discounts on Cointelegraph’s media offerings.

This outlines the pathway for any startups entering the programs: Participants can develop their minimum viable product, formulate scaling strategies, and connect with suitable partners under Brinc’s mentorship, subsequently launching it to a global audience through Cointelegraph Accelerator.

Cointelegraph Accelerator fosters the growth of promising Web3 initiatives by crafting marketing strategies, offering advertorial media coverage, organizing workshops with experts, and facilitating participation in crypto events, as well as introductions to Cointelegraph’s network of partners, which includes institutional investors, exchanges, and advisors.