The venture capital firm has pledged $30 million for incubating Web3 startups since last year.
Singapore-based venture capital firm Foresight Ventures will launch a third $10 million accelerator for blockchain and Web3 firms.
According to a Dec. 19 announcement, the third $10 million cohort will focus on companies specializing in artificial intelligence, Bitcoin Ordinals and direct-to-consumer protocols. The application period will last until Jan. 15, 2024, with qualifying companies receiving between $200,000 and $500,000 in initial funding. Co-founders will also receive mentor guidance, a chance to participate in an offline demo day next year, and various internal resources in the Foresight portfolio of startups.
“A discerning panel will evaluate applications, with approximately 20%-40% advancing to subsequent interviews. Video interviews, lasting around 20 minutes, will be conducted, followed by an hour-long in-depth exploration for final selection,” the firm wrote.
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Source: https://cointelegraph.com/news/foresight-ventures-launches-third-10-million-crypto-accelerator-following-the-block-deal