July 26th, 2021 - Draper University, in partnership with Algorand Foundation and Borderless Capital today announced the launch of the Algorand and Draper Blockchain Accelerator Program. The program will support entrepreneurs and early stage projects looking to build applications on the Algorand blockchain. The accelerator is now seeking applications from eligible projects and applications are now open until August 22nd, 2021. You can submit your application here. The launch of the Draper Accelerator follows the success of Algorand Foundation accelerator programs across Asia, Europe and LATAM. The program aims to empower projects to build, grow and foster innovations in the Algorand ecosystem.
Draper University is an ideal education partner for Algorand Foundation with Tim Draper being an early adaptor adopter of blockchain. Draper University and Borderless Capital are also early investors in Lemon Cash, an Algorand platform crypto wallet. "Draper University was the first institution to offer a blockchain education program, and we are excited to partner with Algorand Foundation and Borderless Capital to bring more entrepreneurs into the ecosystem." Andy Tang - CEO, Draper University and Partner, Draper Associates
Algorand is the next generation decentralized public blockchain network, enabling the transformative potential of blockchain technology to be used by mainstream applications securely, at global speed, and on a sustainable, carbon negative platform.
The Algorand blockchain offers developers an unprecedented combination of open-source Layer-1 capabilities: fast speed to get started, global scale, powerful smart contracts, cryptographic security, low cost & instantly finalized transactions, simple tokenization, and a negligible energy footprint that is built for the enterprise (security, uptime, support).
The 4 “S” of Algorand’s unique Pure PoS algorithm (Scale, Speed, Security and Sustainability) guarantee a platform that will underpin application development decades into the future, by allowing allow developers, businesses and innovators to bring the power of digital money, decentralized-open systems & censorship resistant transparency to their users and customers around the world.
Algorand’s unique combination of open-source Layer-1 capabilities – bringing together global scale, cryptographic security, low cost/instantly finalized transactions, easy to build yet powerful smart contracts, simple tokenization with a negligible energy footprint – will finally allow businesses, innovators and creators to bring the power of digital money, decentralized open systems & censorship-resistant transparency to their users and customers around the world.
Program Details:
The Algorand x Draper Blockchain Program is a ten-week online program and is scheduled from September 7th - November 12th, 2021. Each team selected to participate will be granted $20,000 in funding from Algorand Foundation, plus $15,000 from Borderless Capital for 3% equity. Follow-on funding of up to $500k may be offered to teams displaying exceptional potential and performance. Applications close August 22nd, 2021. The program is open to all blockchain entrepreneurs from around the world, however, admissions are subject to accreditation. The program will comprise LIVE sessions with Algorand platform experts and advisors from the Silicon Valley. For the duration of the 10-week accelerator program selected projects will receive end-to-end support across the spectrum of strategy formulation, go-to-market execution, and subject matter guidance across technological mentorship, token economics, marketing, and fundraising.
