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Zilliqa unveils latest ZILHive Accelerator 2021-2022 blockchain initiatives » CryptoNinjas

Zilliqa, the Singapore-based enterprise-grade blockchain platform, has introduced its 2021-2022 cohort of ZILHive Accelerator initiatives. The ZILHive Accelerator is a six-month program targeted on launching blockchain-enabled initiatives from idea to commercialization.

The accelerator program is a part of ZILHive’s end-to-end ecosystem designed to foster revolutionary blockchain purposes all through numerous levels of maturity. Startups within the accelerator will have the ability to apply for added funding below ZILHive Grants, geared toward supporting particular pre-launch wants akin to regulatory compliance or technical integration with third-party apps.

Han Wen Chua, Vice President of Ecosystem Development at Zilliqa, commented: “The great progress the startups have made in turning their concepts into real-world use instances for blockchain is a validation of our efforts at rising Singapore’s position within the international fintech ecosystem.”

Incubation Tasks

Six of the eight startups accepted into the Accelerator this 12 months had been superior from an earlier Incubator program which started in March.

The inaugural 14-week ZILHive Incubator matched technical and non-technical contributors into groups that would design and construct distinctive options on the Zilliqa blockchain protocol.

The eight startups accepted into the Accelerator embody:

  • Entry, a startup that appears to fight ticketing fraud and forestall ticket scalping by issuing tickets as non-fungible tokens;
  • Cerchia, a startup constructing blockchain-based instruments to assist disaster bond issuers, re-insurers, and traders higher predict and worth the dangers of pure hazards by crowdsourcing;
  • Inexperienced Beanz, a mission that goals to incentivize consumer-facing firms and NGOs to enhance the transparency and accuracy of their company social accountability and sustainable growth objectives reporting;
  • HeyAlfie, a wise dashboard for customers to handle, make investments and borrow digital belongings by a single interface, by connecting a number of forms of wallets (custodial, non-custodial, and even trade accounts);
  • Invopay, an bill financing platform designed to assist small-to-medium enterprises (SMEs) higher handle their money movement with low-interest loans secured on the blockchain;
  • MustPool, a gamified no-loss prize protocol, the place the deposited precept stays protected and the prizes come from the curiosity earnings, leveraging completely different staking and lending dApps on Zilliqa;
  • Tyron SSI Protocol, a self-sovereign identification protocol that permits customers to handle entry to their knowledge securely, whereas permitting them to offer verified credentials selectively with out counting on middlemen or centralized databases;
  • Final Franchise Fantasy Sports activities, a fantasy sports activities platform providing digital asset possession to sports activities followers by the usage of NFTs to characterize athletes within the numerous sports activities leagues.

Startups accepted into the Accelerator function founders from numerous backgrounds – from enterprising school college students to seasoned trade professionals.

“The variety of the contributors graduating from the incubator and into the accelerator program spotlight the significance of getting a complete suite of applications, every tailor-made to the completely different levels of an innovator’s journey,” famous Chua.

Entry founder Mihir Mohan stated, “From the design sprints with the ZILHive group to the  useful recommendation I’ve gained from skilled professionals throughout the Incubator program, ZILHive’s applications have helped me flip my concepts right into a viable product.” Mohan first joined ZILHive by its pupil practicum and later began Entry throughout the incubator program.

Tasks akin to Cerchia, alternatively, had been based by seasoned trade professionals.

Led by a founding group of quants and threat managers from the likes of monetary establishments akin to UBS and GIC, Cerchia’s chief technical officer Fabian Buchmann stated, “The ZILHive Incubator was a fantastic alternative to enlarge our community and enhance the group’s experience considerably with their complementary ability units. The event of a minimal viable product throughout the incubator has ready us to launch the product on the Zilliqa protocol throughout the upcoming accelerator program.”

ZILHive has additionally appealed to conventional companies seeking to generate new income fashions by implementing rising applied sciences into their current tech stack. Judobi is seeking to launch Invopay, its new bill financing platform, by way of the ZILHive Accelerator.

Julien Doherty-Bigara, CEO of Judobi, stated: “The ZILHive Incubator has opened up a brand new chapter in my entrepreneurial journey by partnering my group with nice co-founders to resolve an actual downside utilizing blockchain. The incubator itself helped us to conceptualize and validate our concept and we’re now wanting ahead to powering the expansion of Invopay with the ZILHive Accelerator program.”

The ZILHive Accelerator program will culminate in a worldwide Demo Day in December 2021, the place excellent initiatives stand the possibility to obtain as much as USD $150,000 in progress capital from ZILHive Ventures, Zilliqa’s inside enterprise fund.

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