TON Launches $2.5 Million Incubation Program to Accelerate Growth in Web3 Startups

TON Accelerator has announced the launch of TON, an incubation program aimed at boosting early-stage startups on its blockchain. With up to $2.5 million in funding available, the program will support five selected projects, providing each with as much as $350,000 and extensive hands-on guidance to integrate seamlessly into the expanding TON ecosystem.

TON’s New $2.5 Million Incubation Program Aims to Supercharge Growth on Its Blockchain

In a significant move to bolster the growth of early-stage startups within its ecosystem, TON Accelerator has introduced TON, an ambitious incubation program designed to provide financial and strategic support to emerging projects on its blockchain. The initiative, spearheaded by TON Venture, is set to allocate up to $2.5 million across its first cohort, offering each selected startup up to $350,000 over three months.

The TONprogram is not just about funding. The team behind TONplans to offer extensive hands-on support, helping startups evolve from mere concepts to fully-fledged business models. The goal is to ensure these projects integrate smoothly into the broader TON ecosystem, thereby contributing to its rapid growth.

Sophia Rusconi, Head of TON Accelerator, highlighted the strategic advantages that TONoffers, stating, “Our program is designed to provide startups with the financial backing, strategic guidance, and market insight needed to succeed. We’re not just investing in these projects; we’re helping to shape their future.”

In addition to financial and strategic support, TON Accelerator has launched the TON: Acc Portal. This platform is set to change how startups access support within the TON ecosystem by offering features like verification processes, acceleration programs, mentorship opportunities, and connections to a network of partners.

Ian W, Managing Partner of TON Ventures, expressed his excitement about the future of TON, especially in light of its integration with Telegram Mini Apps. “The tap-to-earn craze has opened many people’s eyes to the powerful combination of TON and the Telegram Mini Apps platform. We are deeply convinced that this is simply the first phase of TON ecosystem’s growth,” Ian said, hinting at even greater innovations to come.

The timing of the TONlaunch is significant. TON’s ecosystem has seen remarkable growth this year, with its total value locked (TVL) skyrocketing from $14.23 million in January to $350 million in September. This rapid expansion underscores the potential of TON’s blockchain and the growing interest in its platform.

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