The Algorand Foundation has launched the Algorand Europe Accelerator program, under which it will provide grants to startups and application developers on the Algorand blockchain.
As the name suggests, the program is intended for European companies. The foundation is already accepting applications for a grant, and in general the program will last 12 weeks. Grant funding was provided by Eterna Capital and Borderless Capital. Companies entering the program will receive $ 15,000 each, and the maximum grant is capped at $ 500,000. In addition, additional funding from sponsors is possible.
“Europe is a critical region for Algorand’s growth, and London is a major innovation hub,” said Massimo Morini, chief economist at the Algorand Foundation.
In addition to grants through the accelerator, developers will have access to a “toolbox and resource kit” for building decentralized applications. Also, if necessary, entrepreneurs will be able to get advice on launching the application on the market, additional investments, issuing tokens and other aspects of developing their projects.
In August, Algorand developers added the ability to deploy stateful smart contracts. The function is useful for developers of decentralized applications.
