TLDR:
– Foresight Ventures has launched a $10 million accelerator program for artificial intelligence (AI) and Bitcoin-related startups.
– Eligible startups will receive initial funding between $200,000 and $500,000, as well as mentorship and resources.
Foresight Ventures, a venture capital firm based in Singapore, has announced the launch of its third accelerator program, which aims to foster innovation in artificial intelligence (AI) and Bitcoin-related ventures. The firm has set aside $10 million for the program and is accepting applications until January 15, 2024. Startups that meet the eligibility criteria will receive initial funding ranging from $200,000 to $500,000. Additionally, they will have access to mentorship and various resources.
This initiative comes at a time when the Web3 venture capital space is experiencing a steady but cautious investment climate. Despite the influx of liquidity, startups are eager to close deals quickly, often foregoing potentially higher valuations in favor of immediate growth and operational scalability. Foresight Ventures’ accelerator program is a sign of the firm’s continued commitment to the sector, following the success of two previous $10 million accelerator programs. The firm has also recently acquired a major stake in The Block, a prominent crypto media company.
The launch of Foresight Ventures’ latest accelerator program is expected to boost innovation in the fields of AI and Bitcoin. It is not just a funding opportunity, but also provides participating startups with a comprehensive ecosystem of mentorship and resources.
