Polygon & Lumos Labs are paving the way for India’s next Web3 unicorn with the PolygonLEAP 2021 Accelerator
It’s time to share an exciting development with you!
We’re partnering with Polygon to unleash blockchain innovation through the launch of the PolygonLEAP 2021 Accelerator. At Lumos Labs, it is imperative for us to aid the growth of the Web3 ecosystem in India by providing innovators with the right access to bring out products and services that solve real-world problems. To this end, we have partnered with Polygon and a formidable set of stakeholders from the Web3 space to support the growth of the Startup ecosystem.
Before we delve into these details, let us walk you through what the PolygonLEAP 2021 Accelerator is!
Get to know the PolygonLEAP 2021 Accelerator
The PolygonLEAP 2021 Accelerator is a four-month-long programme that is equipped to help founders and aspiring entrepreneurs in the Web3 space elevate their businesses. With expert mentorship, technical guidance, access to funds/grants, the Accelerator will provide participating startups with holistic learning experiences to tap into their potential.
The main offerings of the Polygon Accelerator are:
- Upto $250,000 USD has been set aside from Polygon for Indian startups that build on Polygon
- Raise pre-seed/seed investment of over $9 million+ from our investment partners
- Mentorship from experts in the Indian startup and blockchain space
- Go-to-market support with access to the Polygon ecosystem
- Technical support to facilitate integration with Polygon
- Marketing and PR support
To focus the expertise and resources towards startups who are innovating in upcoming verticals in the Web3 landscape, they will take place in the following tracks:
- Entertainment (Games, NFT products & Streaming services)
- Decentralised Finance
- Mobile-first application for Web 3.0
- Open Innovation
The startups will be able to find focused support and guidance through these tracks.
With respect to the grants and funding, Polygon will help participating startups access their expertise and resources. They will provide funding to the best startups with their solutions integrated on Polygon amounting to an initial investment of US$ 250,000.
To up the ante, the Accelerator is supported by Investment Partners to help enable innovation by providing access to seed-stage capital up to US$ 9 million. Joining us on this journey is
To provide the startups with focused mentorship, Buidlers Tribe — an incubator for Web3 startups, will guide the participating startups with their expertise in the Web3 space.
With that said, let’s address a crucial question…
Who can apply for the Polygon Accelerator?
The TL;DR — anyone with:
- An idea or project that showcases a new blockchain use case
- A team driven to succeed
- Developers with the right programming expertise
- Teams that are building projects past the POC stage
Additionally, you can apply if you’re:
- An existing Web3 startup building on blockchain tech
- A Web2 startup that wants in on the Web3 space
- A Student team with a rudimentary idea they want to turn into a startup
We’re certain that this Accelerator is an opportunity for founders to get well-rounded support that is tailor-made to aid growth in the Web3 space. In our experience facilitating these programmes, we’ve learnt that the funding/grants are only one aspect of the accelerator offerings, but the true value is derived from
- learning from expert mentors,
- sharing experiences with a community,
- and working with a set of stakeholders who are focused on enabling startups with the support to scale.
Come join us, as we at Lumos Labs are working hard to realise this vision of fostering innovation and most importantly, making India the epicentre of blockchain development. We look forward to backing India’s upcoming startups in the blockchain space through the PolygonLEAP 2021 Accelerator.
Join us on Twitter to learn more about the accelerator or visit the website:
Website: https://www.polygonleap2021.com/
Lumos Labs Twitter for regular updates: https://twitter.com/LabsLumos
If you have any queries, touch base with us at: corporate@lumoslabs.co
