The Sandbox Metaverse Accelerator Program with Brinc and Animoca Brands
We have committed US$50M, in collaboration with Brinc, a leading global venture accelerator, to enhance the open Metaverse!
Applications are now open for The Sandbox Metaverse Accelerator Program. With the first cohort scheduled to start in Q2 2022, this new program aims to accelerate 30 to 40 startups a year over a three-year period.
“We believe the metaverse is not just a destination but a new way of talking about an equitable and more sustainable future. For example, as digital experiences develop, we will find ourselves having fewer reasons to emit carbon to travel for work or play. We may even reduce purchases of physical world products (art, collectibles, merchandise, etc.) that usually have highly unsustainable means of production and are major contributors to climate change. New metaverse startups and Web 3.0 technologies have the potential to not only develop new ways to work and play, but also to democratize access to financial services, education and entertainment. We believe that for the metaverse to thrive, we need developers and content creators to thrive — and this accelerator provides the perfect platform to enable them to do so.” — Manav Gupta, founder and CEO of Brinc
The program will invest in, mentor, educate, and support the development of promising startups and projects while also providing access to potential partnerships and business development opportunities across the growing networks of The Sandbox, Animoca Brands, and Brinc.
The Sandbox’s Metaverse Accelerator is a major expansion of our ongoing commitment to support the next generation of metaverse entrepreneurs. With imagination, ideas and hard work, startups from all over the world can realize their visions and drive societal impact by creating more opportunities for everyone. We’re especially eager to support underrepresented founders in their ambitions as they explore the infinite possibilities offered into The Sandbox ecosystem. — Sébastien Borget, co-founder of The Sandbox and chairman of the Blockchain Gamer Alliance.
The new program is looking for startups who will be evaluated on their traction, technical expertise, and ability to deliver unique experiences. Startups accepted into the program will receive an initial investment of up to US $250,000 each. The Sandbox will also provide further grants of up to US $150,000 in SAND tokens to the best performers, as well as LAND grants. Startups that demonstrate meaningful traction post-program can also apply for follow-on investment from The Sandbox, Animoca Brands, and Brinc.
“The open metaverse will not be owned by any single entity and thus presents an incredible opportunity to create a participatory and collaborative nonzero-sum environment based on openness, equitability, user governance, and digital property rights. We’re proud that our partnership with Brinc is powering accelerator programs that support founders to innovate in and scale up the creator economy.” — Yat Siu, executive chairman and co-founder of Animoca Brands
The core directive of The Sandbox Metaverse Accelerator Program is to support the launch of new startups that can contribute to the growth and expansion of The Sandbox ecosystem by building unique experiences and populating the platform with fresh creativity and new content. Pioneering blockchain startups in the fields of art, collectibles, culture, entertainment, gaming, media, content, and streaming, are encouraged to apply. Accelerated startups will be empowered to contribute to The Sandbox’s rapidly growing ecosystem and actively engage with its existing and growing user base. Online applications are now open at: brinc.io/metaverse.
The program will support the open metaverse built on shared values and through open, transparent, decentralized governance. This will replace the current paradigm of closed platforms thanks to powerful network effects, creating a more sustainable digital future.
High-profile mentors supporting the program — alongside Yat Siu (Animoca Brands), Sébastien Borget (The Sandbox), Manav Gupta (Brinc) — include: Cathy Hackl (CEO of Futures Intelligence Group), Holly Atkinson (lead blockchain developer at The Sandbox), Holly Liu (co-founder of Kabam), Janine Yorio (CEO of Republic Realm), Leah Callon-Butler (director of Emfarsis and columnist at CoinDesk), Pavel Bains (co-founder of Bluzelle), Serena Tabacchi (director and co-founder of Museum of Contemporary Digital Art), Susan Cummings (CEO of Petaverse Network), Yam Karkai (co-founder of World of Women), and Yingzi Yuan (founder and builder of Metaverse Summit). Web 3.0 leaders from Altitude Games, Binance, Dragonfly Capital, Republic Crypto, and True Global Ventures will also provide mentorship.
Headquartered in Hong Kong, Brinc is a leader in global venture acceleration, operating 18 multidisciplinary accelerator programs in seven countries. Brinc accelerates startups focused on Internet of Things (IoT), blockchain technology, artificial intelligence, connected hardware, drones, robotics, clean energy and food technology, all within a sustainability mandate.
Brinc continues to invest and support startups in the open metaverse, which represents the new digital frontier. Key areas of focus include entertainment, education, and inclusivity through a more equitable digital economy. The new program will support startups by integrating sustainability, inclusion, and equitability into their business models.
Brinc has a portfolio of 200+ companies with founders from over 35 countries. Brinc also supports corporations with investment services, distributed innovation strategies, sourcing of new startups and technologies, as well as venture-building Web 3.0-enabled businesses. Global corporations (Manulife, Huawei, Schneider Electric, Puma, Batelco, Merck, Omantel, Linrun Group, Zhihui Park), government organizations (Hong Kong Science Park, NEOM, MBRIF, Guangdong Soft-tech Park), tertiary institutions (HK City University, National University of Singapore) and leading venture funds (Artesian, LeverVC, Tamkeen, EDB) have all run programs with Brinc. In 2021, Brinc launched a series of venture funds to invest in high-potential early stage companies through accelerators and provide LPs with a dedicated innovation platform and access to Series A+ co-investment opportunities.
Apply to the accelerator now: brinc.io/metaverse