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Founder Institute partners with Polkadot for Startup Acceleration

source-logo  cryptopolitan.com 15 May 2024 13:28, UTC

Founder Institute has announced its partnership with the Polkadot ecosystem. The strategic collaboration between the two companies will launch the first Web 3.0 Cohort in the Founder Institute’s Core Program. The partnership aims to improve Web 3.0 technology education and provide Web 3.0 startup founders with startup acceleration programs.

🚀Announcing a Strategic Collaboration between Founder Institute and @Polkadot!🚀

We are thrilled to announce a groundbreaking collaboration between the Founder Institute (FI) and the @Polkadot ecosystem. This collaboration marks the beginning of an exciting chapter as we launch… pic.twitter.com/BYJBgNtOn0

— Founder Institute (@founding) May 14, 2024

The partnership between the two companies is aimed at elevating Web 3.0 startup founders by empowering them on how to run a startup and provide access to funding opportunities.

Also Read: Polkadot’s Pivotal Transformation under Web 3 Foundation Leadership

Founder Institute will admit its first set of startup founders in a bid to revolutionize the landscape and provide startup acceleration support.

Founder Institute Launches First Cohort

The first cohort will feature Web 3.0 startup founders with a primary focus on Polkadot technology. The program will enhance Polkadot’s adoption and encourage developer teams to take advantage of the vibrant Polkadot ecosystem.

According to the partnership agreement, the very first cohort will start on May 28th, 2024. The pioneer team will gain direct access to industry experts from the Polkadot community to facilitate an easier move into the Web3 industry.

Also Read: Polkadot Native Acala Expands to Multichain Horizons

The program is ideal for Web 3.0 builders, developers, and founders. Through this program, Founder Institute and Polkadot project that a new generation of successful Web 3.0 startups will emerge and continue to spearhead transformation in the industry.

Polkadot Signs Pilot MOU with Founder Institute

Polkadot has reportedly been working on a Memorandum of Understanding (MOU) for the organization to onboard mentors and develop a joint co-marketing initiative.

According to the MOU, the Founder Institute will ensure it provides online and onsite branding and provides all admitted founders in the program to Partner. Provide up to two mentor slots for partners as mentors in the program.

Polkadot will also assume certain responsibilities according to the agreement. The organization will recommend a mentor from the ecosystem and provide any marketing collateral as necessary, among other optional responsibilities.

Unfortunately, at the time of this publication, the Founder’s program is not open to creators worldwide. To confirm eligibility, please visit the Institute for a comprehensive list of accepted cities.

Cryptopolitan reporting by Collins J. Okoth