Toronto-based firm Bitcoin Decentral has launched an accelerator which will focus on Bitcoin startups. The new accelerator is called Bitcoin Decentral Accelerate, according to Tech Vibes.
Bitcoin Decentral Accelerate founder Anthony Di Iorio said: "We are creating a unique accelerator to take advantage of the booming innovation opportunities around the next generation of Bitcoin and other disruptive technologies. We have received resounding support from the community, initial investors and mentors, and are laying a strong foundation to build a world-class center of excellence in this emerging segment."
In an email, advisor William Mougayar told VentureBeat that Bitcoin Decentral Accelerate will invest $25,000 for a 7% interest in every startup. It will also give away perks worth at least $25,000 to each firm. In addition, After graduating, the startup will receive an additional $100,000 in convertible notes, the report detailed.
The world's first Bitcoin startup accelerator is now accepting applications online. It will announce the first group of startups that will join its program during the Bitcoin Expo in April, Tech Vibes reported.
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