HomeHong KongZetrix Global Accelerator Launches To Nurture Web3 Startups

Zetrix Global Accelerator Launches To Nurture Web3 Startups

Zetrix Global Accelerator
Zetrix partners Web3Labs and Summer Capital to launch Zetrix Global Accelerator Programme (From left to right: MingYang Du, Business Development Director, Zetrix. Caspar Wong, CEO, Web3Lab. TS Wong, Managing Director of MyEG and founder, Zetrix. Johnny Ng, Legislative Council member of Hong Kong Special Administrative Region (HKSAR) and advisor of Web3Labs. Joseph Chee, Chairman, Summer Capital. Henry Chen, Head of Fintech and Blockchain, Summer Capital. Dato’ Fadzli Shah, Co-Founder of Zetrix.)

Zetrix, a layer-1 public blockchain platform by MY E.G. Services Berhad, and Web3Labs Hong Kong, a Web3 development and investment firm, launched the Zetrix Global Accelerator Programme to incubate and nurture promising Web3 startups from all over the world.

The program will open for applications in early March 2024, and applicants will be announced during the 2024 Hong Kong Web3 Festival, scheduled for 6-9 April, 2024.

The program aims to admit up to 10 startups. The six-month accelerator seeks projects that demonstrate evidence of product-market maturity and possess an innovative and clearly defined development pipeline that ideally can supplement Hong Kong’s virtual asset roadmap. Industries beckoning blockchain-based innovation in the city state include real-world asset (RWA) tokenisation, security token offerings and stablecoin innovation.

The program aims to introduce use cases in RWA, Environmental, Social, and Governance (ESG), and blockchain-based finance to enterprises, financial institutions, as well as government organisations.

The partners, Zetrix, Web3Labs, and Summer Capital, will also work towards securing regulatory approval for exchange-traded funds (ETFs) that are partially backed by tokens issued by participants in this programme.

The launch of this accelerator follows an announcement in January that Zetrix, Web3Labs, and venture capital firm Summer Capital would form a strategic collaboration to establish Zetrix as the preferred blockchain infrastructure for Hong Kong government-aligned applications. As part of this initiative, a Global Accelerator will incubate and nurture promising startups building applications on the Zetrix platform. This program will provide mentorship, technical support, and access to funding opportunities to promising entrepreneurs who will contribute to Hong Kong’s Web3 landscape and benefit users from all around the world.

VCWire

22/02/2024