SuiHub launches startup accelerator program with $200k funding

SuiHub launches its Global Accelerator Program, dedicated to supporting pre-token projects with Sui Solution technical support and funding of up to $200,000 per team.

Run in partnership with Brinc, CoinList and Ghaf Group, SuiHub’s accelerator program will run for 12 weeks and will provide strategic funding, technical guidance, and networking opportunities for budding startups and developers building on the blockchain.

Each selected team will be given access to the Sui resources, including the Sui Solutions Engineering team for technical support and co-building of the product to optimize its potential. The teams will also receive $200,000 per team on a milestone-based funding model.

Applications for the SuiHub Accelerator Program are open until Dec. 20, 2024. According to the platform’s press release, it is looking for projects that are pre-token launch and have a Minimum Viable Product that is aligned with the Sui(SUI) blockchain and has real-world applicability.

Teams can submit their applications through the official SuiHub application portal. Participants will be selected based on project fundamentals, team capabilities, alignment with the Sui ecosystem, and demonstrated traction.

Kristof Lukovich, CEO of SuiHub said the initiative will merge the strong points within the Sui ecosystem and mentoring from industry leaders to help grow projects that have the potential for real-world utilization, ushering in the next generation of Sui blockchain applications.

“We believe that by supporting founders building real-world applications, we actively contribute to Sui’s mission of onboarding the next billion users to Web3,” said Lukovich.

Head of Ecosystem Development at the Sui Foundation, Jameel Khalfan stated that SuiHub’s accelerator program aims to empower developers and entrepreneurs to build solutions that leverage Sui’s platform.

“The SuiHub Global Accelerator Program launch marks a major leap forward in supercharging innovation across the Sui ecosystem,” said Khalfan.

SuiHub is a joint venture created by Sui and Ghaf Group focused on becoming a creation hub for Sui builders in the Middle East and North Africa region. Through various support mechanisms and community engagement, SuiHub aims to drive the growth of sustainable applications on the Sui blockchain.