TON Accelerator Unveils $2.5 Million Incubation Program for Startups

TON Accelerator has unveiled a new initiative, aimed at fostering the development of early-stage startups utilizing the TON blockchain.

Managed by TON Venture, the program will allocate up to $2.5 million to an initial cohort of five projects. Each chosen startup could receive as much as $350,000 in funding over a three-month period.

In addition to financial backing, TON will provide intensive support to guide these startups from the idea stage to fully operational business ventures.

The goal of TON is to integrate these startups into the TON ecosystem, offering both monetary and strategic assistance to help them thrive.

READ MORE:

Ethereum Revenue Crashes 99% Since March as Layer-2 Solutions Surge

Sofia Rusconi, the Head of TON Accelerator, emphasized the benefits of TON, noting that it aims to leverage the vast user base of Telegram, with its 950+ million users, to boost Web3 projects.

She highlighted that the program is designed to offer not just funding but also essential expertise and support to help startups expand rapidly within the TON network.

Additionally, TON Accelerator has launched the TONportal, a new platform intended to enhance startup access to resources and visibility. This portal features a vetting process for program entry, mentorship opportunities, and connections with a network of partners.

Alexander Stefanov