KEY TAKEAWAYS
- The Sui Foundation successfully completed its first Hydropower Accelerator program, supporting blockchain projects over eight weeks.
- Participants developed projects in DeFi, DePIN, and real-world assets, culminating in a demo day with venture capitalists.
- 12 teams received mentorship and support from industry experts, enhancing their understanding of the Sui ecosystem.
- The program aims to expand, inviting more teams to join future cohorts and continue fostering innovation in the Sui ecosystem.
The Sui Foundation recently concluded its inaugural Hydropower Accelerator program, which spanned over eight weeks. This initiative was designed to support teams building on the Sui blockchain, offering assistance in areas such as technology, product development, marketing, and fundraising.
Throughout the program, participants worked on a diverse range of projects, including decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), and real-world assets. The program culminated in a demo day, where teams presented their projects to venture capitalists, receiving constructive feedback.
Support and Mentorship for Emerging Projects
From hundreds of applications, 12 teams were selected to participate in the accelerator. These teams had the opportunity to deepen their understanding of the Sui ecosystem, connect with other builders, and receive mentorship from experts in the Web3 space. The Sui Foundation provided hands-on support, helping participants refine their projects and strategies.
Key contributors to the program included Mysten Labs, FanTV, Navi Protocol, RECRD, Scallop, Studio Mirai, and Suilend. These organizations offered first-hand insights into the challenges and opportunities of building as a founder within the blockchain industry.
Looking Ahead to Future Cohorts
The Hydropower Accelerator is designed for teams seeking guidance in launching their projects. As the program looks to expand, interested builders are encouraged to watch for future opportunities to join upcoming cohorts. The Sui Foundation aims to continue supporting innovative projects and fostering growth within the Sui ecosystem.
For more information about the projects and recorded sessions from the accelerator, visit the Sui Founders Hub. Details about the inaugural cohort and their projects can be found here.
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