A competition, titled The Next Top Blockchain Startup, has been created to find the best startup working in the blockchain sector.
The inaugural competition is powered by GDA Capital in partnership with leading blockchain organisations.
The two month program has the goal of accelerating the next wave of blockchain startups from around the world by connecting emerging entrepreneurs with the access to capital, relationships to industry experts, and a systematic program to learn how to build a company. It will run throughout summer 2021 with the deadline for submissions on August 8.
The competition will give new development teams access to funding, industry relationships, and educational resources.
It will also give entrepreneurs a chance to win more than $125,000 in prizes, and host multiple developer workshops and start-up focused webinars to help the teams prepare for a future full of opportunities. It has joined forces with leading protocols, organisations, investors and capital groups, as well as key industry mentors, academic institutions and developer communities.
Michael Gord, co-founder and CEO, GDA Capital, said: “This event is an opportunity to facilitate further growth within the crypto community by pairing ideas with capital and industry experts. I am honored that GDA Capital is taking the helm in ushering in this next wave of startups. I believe there is great potential in accelerating the next generation of blockchain entrepreneurs.”
In addition to the crypto prize bounties, participating organisations are providing valuable side prizes for the winning teams, including a limited listing or IEO opportunity with BitMart and a requirements and token advisory meeting with Future Tech. Winning teams can also receive entrance into a GDA Ventures incubator program, Terraform capital, expedited applications for the Substrate Builders program, and virtual meetings with company executives to help with further development.
Educational organisations, including the Blockchain Education Network, which will be hosting the community webinars, the Blockchain Council, which is providing discounted accreditation for all participants, and the Kerala Blockchain Academy, are also part of the initiative to encourage their audiences to participate.
Additionally, the competition welcomes a panel of judges from GDA Capital, TDeFi, dlab and SOSV, Advanced Blockchain AG, Ether Capital, Artist Digital Ventures and Alpha Sigma Capital, with more to be announced in the coming weeks.
Antonio Gomes, Director of Global Operations, Blockchain Education Network, said: “I’m happy to participate in this exciting event on behalf of the Blockchain Education Network and help bring further awareness to up-and-coming projects. The community can join the event through the webinars we will be hosting.
“The mission of BEN is to spur blockchain adoption by empowering individuals to bring the disruptive technology to their communities and businesses, and the Next Top Blockchain Startup aligns perfectly with this goal.”
There will also be a separate pitch day to access additional capital and acceptance into an accelerator program. After the winners are announced, 6-10 teams will be selected to attend a virtual pitch day hosted by the TDeFi Crypto Accelerator. The pitch day is an opportunity to receive up to $100,000 in grants, and entrance into a hands-on accelerator program that provides corporate structuring, token advisory, listing, and fundraising mentorship.
Want to learn more from executives at the heart of this space? The Blockchain IoT Solutions Congress, on November 2 2021, will explore the convergence of these two technologies and the use cases and industries that will benefit.