Cronos blockchain network, developed by <a href="https://www.cryptoknowmics.com/news/crypto-com-gets-provisional-approval-to-operate-in-dubai/" target="_blank" rel="noopener">Crypto.com</a>, has launched a $100 million accelerator program to help developers and builders accelerate the ecosystem’s growth.
<h2>Cronos Accelerator Program</h2>
According to an official announcement, Cronos, the Ethereum Virtual Machine-compatible network, has launched a $100 million-funded startup accelerator to support emerging blockchain companies.

https://twitter.com/cronos_chain/status/1534145606901321728

The blockchain network plans to select three or four cohorts per year, with 10 startups per cohort, to participate in the 10-week program, with the first being expected in July.

Participating projects can expect to raise between $500,000 to $2 million in initial investments from Cronos labs and third-party investors. In addition, <a href="https://www.cronoslabs.org/" target="_blank" rel="nofollow noopener">Cronos Labs</a> will also give some projects access to about $100,000 to $300,000 in seed investments as well as access to Cronos communities and other marketing opportunities.

Commenting on the initiative, Cronos Managing Director Ken Timsit, said:
<blockquote><em>“Through Cronos Accelerator, we want to enhance the potential of projects that sincerely want to help grow the ecosystem by providing support in almost every area of their operations. In the current climate, it is more important than ever to put our heads down and start building aggressively."</em></blockquote>
Some of the prominent investment partners backing the Cronos Accelerator Program include Mechanism Capital, Spartan Labs, IOSG Ventures, OK Blockchain Capital, AP Capital, Altcoin Buzz, and Dorahacks.

Cronos Launches $100M Accelerator Program to Support Web3 Startups

Cronos blockchain network, has launched a $100 million accelerator program to help developers and builders accelerate the ecosystem’s growth.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Cronos Launches $100M Accelerator Program to Support Web3 Startups

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