Open Web Collective (OWC), an accelerator supporting Web3 and blockchain ventures, has announced its new funding package for companies looking to build the next Google, Amazon, Twitter and more on the decentralized web.
The organization will support 15 companies at a time through its accelerator, which has already funded 28 startups that cumulatively have raised over $300 million to date.
The new funding deal includes a $150,000 investment, with up to $500,000 in a follow-on round after a Demo Day presentation at the end of the three-month-long program.
Said Mimi Idada, Founder of Open Web Collective, “The Open Web Collective team’s aim is to partner with innovative startups and investors, support the Web3 sector, and help to uncover the next unicorns. 2022 will be filled with launches, fresh batches, and new projects.”
Companies interested in applying can do so here.
In addition to funding, the organization will match founders with investors, mentors, and corporate partners.