Zilliqa, an enterprise-level blockchain platform headquartered in Singapore, has announced its 2021-2022 ZILHive accelerator project. ZILHive Accelerator is a six-month program that focuses on launching blockchain projects from concept to commercialization.
The accelerator plan is ZILHive’s end-to-end ecosystem It aims to cultivate innovative blockchain applications at various stages of maturity. Startups in the accelerator will be able to apply for additional funding under ZILHive Grants to support specific pre-launch requirements, such as regulatory compliance or technical integration with third-party applications.
Han Wen Chua, Vice President of Zilliqa Ecosystem Growth, commented: “Start-ups have made tremendous progress in translating their ideas into practical use cases for the blockchain, which proves our efforts to enhance Singapore’s role in the global fintech ecosystem “
Six of the eight startups that entered the accelerator this year were promoted from the early incubator program that began in March.
First 14 weeks ZILHive incubator Match technical and non-technical participants to a team that can design and build unique solutions on the Zilliqa blockchain protocol.
The eight startups that have accepted accelerators include:
- Access, a startup company that aims to combat ticket fraud and prevent ticket reselling by issuing tickets as irreplaceable tokens;
- Circle, A startup company that builds blockchain-based tools to help catastrophe bond issuers, reinsurers and investors better predict and price the risks of natural disasters through crowdsourcing;
- green beans, A project aimed at incentivizing consumer-oriented companies and non-governmental organizations to improve the transparency and accuracy of their corporate social responsibility and sustainable development goals reports;
- HeyAlfie, a smart dashboard that allows users to manage, invest and borrow digital assets by connecting multiple types of wallets (custodial, non-custodial and even exchange accounts) through a single interface;
- Alipay, An invoice financing platform designed to help small and medium enterprises (SMEs) better manage their cash flow through low-interest loans secured by blockchain;
- Must pool, A gamified no-loss prize agreement, in which the deposit principle is kept safe, the prize comes from interest income, and the use of different staking and lending dApps on Zilliqa;
- Tyron SSI protocol, A self-sovereign identity protocol that enables users to securely manage access to their data while allowing them to selectively provide verified credentials without relying on intermediaries or central databases;
- Ultimate franchise fantasy sports, A fantasy sports platform that provides digital asset ownership for sports fans by using NFTs to represent athletes in various sports leagues.
Startups accepted into accelerators have founders from different backgrounds-from enterprising college students to experienced industry professionals.
“The diversity of participants who graduated from the incubator and entered the accelerator program highlights the importance of having a comprehensive plan, each tailored to different stages of the innovator’s journey,” Cai pointed out.
Access founder Mihir Mohan said: “From the design sprint with the ZILHive team to the valuable advice I received from experienced professionals during the incubator program, ZILHive’s program helped me turn my ideas into viable products.” Mohan first joined ZILHive through a student internship and later started Access during the incubator program.
On the other hand, projects like Cerchia are created by experienced industry professionals.
Fabian Buchmann, CTO of Cerchia, is led by a founding team composed of quantitative analysts and risk managers from financial institutions such as UBS and GIC. He said: “The ZILHive incubator is an excellent way to expand our network and significantly increase team expertise. Opportunity. Complementary skill set. Developing the smallest viable product during the incubator period prepares us to launch this product based on the Zilliqa agreement during the upcoming accelerator program.”
ZILHive also attracts traditional companies that want to generate new revenue models by implementing emerging technologies in existing technology stacks. Judobi is seeking to launch its new invoice financing platform Invopay through ZILHive Accelerator.
Judobi CEO Julien Doherty-Bigara said: “ZILHive incubator opened a new chapter in my entrepreneurial journey by collaborating with my team and great co-founders, using blockchain to solve practical problems. The incubator itself helped us conceptualize and Having verified our ideas, we now look forward to promoting the development of Invopay through the ZILHive accelerator program.”
The ZILHive accelerator program will culminate on the Global Demo Day in December 2021, when outstanding projects will have the opportunity to obtain up to USD 150,000 in growth capital from Zilliqa’s internal venture fund ZILHive Ventures.