Web3 accelerator Open Web Collective (OWC) is announcing its now accepting applications for Batch 4 of its accelerator.
The organization, which looks to develop decentralized applications, is looking for new and more open and user-centric web experiences, among other initiatives in web3, and has already accelerated 28 startups that have raised over $300 million USD in funding, with a cumulative valuation of over $3 billion USD.
The program is for 12 weeks, in which founders will work with leading investors and corporate partners to validate business ideas, develop product-market fit, and plan and implement tokenomics, governance, and legal strategies unique to Web3.
The organization’s partners include NEAR Protocol, NOMAD, Aurora, Octopus Network, Pagoda, Filecoin, among others.
Entrepreneurs interested are encouraged to apply here.
Said Mildred Idada, Founder and Partner at Open Web Collective, “Batch 4 has honed our focus on funding solutions that will truly define the way online commercialization occurs on the emergent Web3 platform.”
“With this fourth cohort, we are excited to see new ideas that will revolutionize the user experience of the digital economy as we take our next big, collective, step into the digitized future of human interaction.”
Founders selected will be the first cohort to fall under OWC’s all-new standard funding terms that includes a $150,000 initial investment in exchange for a 7% equity or token stake in the company, with startups eligible to receive an additional $500,000 following the accelerator’s demo day.