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TDeFi and DMCC Introduce Cohort-3 of Web3 Acceleration Program, Partnering with Elysium Chain

The top 3 projects shortlisted from the Web3 Acceleration Program stand to win US$150K worth of investments from Elysium Chain

The Web3 Acceleration Program, a collaborative effort between TDeFi and DMCC aimed at supporting founders in scaling their Web3 ventures, has teamed up with Elysium Chain as its blockchain partner for the program’s Cohort-3. Elysium Chain, developed by Vulcan Forged, renowned for its fast transaction speeds and scalability, offers potential in various areas such as AI, Metaverse, and Gamefi.

Cohort-3 of the Web3 Acceleration Program spans two months, assisting projects in their transformation into fully-fledged businesses. The program features mentorship from industry leaders like Mario Nawfal, Ravikant Agrawal, Aamir Ghai, Jamie Thomson, and others, providing valuable insights on fundraising, compliance, tokenomics, and go-to-market strategies through immersive sessions.

Gaurav Dubey, CEO of TDeFi, emphasizes the program’s role in empowering crypto product developers with essential skills and feedback crucial for their journey from product development to business establishment.

During the Demo Day, startups will present their ideas to a select group of investors, with Elysium Chain committing to invest US$150,000 in the top three startups. Jamie Thomson of Elysium Chain underscores the chain’s alignment with future technologies and sustainability, expressing support for innovative projects through this investment.

Building upon the success of previous iterations, Cohort-3 will follow a three-phased approach covering induction, mentor sessions, and Demo Day, addressing key operational areas such as product development, scaling, recruitment, fundraising strategy, compliance, marketing, and community growth. Ahmad Hamza, Executive Director Free Zone at DMCC, highlights the program’s alignment with DMCC’s vision of supporting entities from ideation to robust business establishment, reflecting its commitment to fostering business growth and innovation.

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