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Global venture fund network Techstars announced a new crypto- and blockchain-focused accelerator program yesterday, as per a release. 

The program will run in partnership with Alphabit Fund, the first regulated cryptocurrency and digital asset investment fund, and Launchpool, a regulatory compliant investment platform that offers private seed guaranteed investment opportunities to its 35,000 member community.

Based in London and called the Launchpool Web3 Techstars Accelerator, the program will work with entrepreneurs building blockchain technology and tokenization protocols driving towards the decentralized future of finance.

Techstars maintains notable experience and expertise in the blockchain space, with a number of strong blockchain companies in the Techstars portfolio including Chainalysis, who last week announced a $100 million round and valuation of $4.2 billion.

“Blockchain technology has the potential to shift the control of monetary value and information and disrupt global business processes, as the internet did in the early 2000s,” said Techstars General Manager Gagan Bhatia. 

He added, “Working with Alphabit and the Launchpool community to support leading companies in this space is an incredible opportunity and an investment in the decentralized economy of the future.”

How does the crypto accelerator work?

The Launchpool Web3 Techstars Accelerator will work with ten startups each year over an intensive, three-month period, where startups will receive funding, hands-on mentorship from Techstars, Alphabit, and Launchpool, access to curated workshops and resources.

Applications for the Launchpool Web3 Techstars Accelerator will open on September 13, 2021, and be accepted through December 1, 2021. The first year of the accelerator will operate from March 2022 through June 2022.

Meanwhile, Shane McQuillan, VP Strategy, Alphabit, stated in the regard, “Launchpool is thrilled to be partnering with Techstars and Alphabit to bring the Launchpool Web3 Techstars Accelerator to the crypto world.

“As firm believers in a multichain future, and being passionate about mainstream adoption, this first-of-its-kind accelerator is proud to be chain agnostic. We feel we can really help founders and BUIDLers bring something truly innovative to the wider crypto industry,” he ended.

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