Key Highlights:
- Sandeep Nailwal, a co-founder of Polygon, assisted in establishing a Web3-specific accelerator headed by seasoned Web3 professionals.
- Beacon Accelerator launched with a cohort of 15 businesses and 30 entrepreneurs in October.
- In January 2023, the first cohort will run 12 weeks and feature founders pitching their ideas to more than 300 top Web3 investors.
Sandeep Nailwal, the co-founder of Polygon (MATIC), the tenth-largest crypto on the market, came up with Beacon as a way to speed up the development of Web3 solutions and products. Founders have spent a lot of time looking for potential investors, and the Beacon accelerator program is here to remove obstacles and speed up the development process.
Who came together for Beacon?
To create the Beacon accelerator program, Polygon co-founder Sandeep Nailwal enlisted the help of well-known crypto executives, including former DCG head security Uri Stay, former Sequoia Capital VP Prateek Sharma, and co-founder of Symbolic Capital Kenzi Wang. GameFi, DeFi, the metaverse, and consumer apps are just a few subjects this group of “Core Contributors” will concentrate on as they coach and counsel Beacon’s creators.
What does Nailwal have to say?
“Our ultimate goal is to build the greatest network of web3 founders in the world,” Nailwal said. “Having gone through an accelerator before (Binance Labs), I found that the greatest resource in any accelerator is the other founders going through the program alongside you. We think that as our alumni network grows, the overall quality of projects being built in web3 will increase as founders help each other find success.”
The first Beacon program will conclude in January with a live-streamed Demo Day when startups will present to more than 300 Web3 investors.
