In a bid to further expand its operations in the crypto space, the Switzerland-based software company Velas has introduced a new fund and accelerator program according to a recent press release.
Velas is the world’s first fastest EVM/eBPF Hybrid Chain mechanism Blockchain and open-source platform for decentralized products that offers anyone the opportunity to enjoy the benefits of blockchain technology.
The company has sought to continue its path to maximize its presence in the blockchain and cryptocurrency sphere by launching a new initiative after partnering with the Ferrari Scuderia team earlier this year.
Velas’ Crypto Fund and Accelerator Program
According to the announcement, the proposed fund program will be managed by a team of professional developers, marketing experts, designers, crypto experts, and more, who will work together to analyze and estimate the value of crypto projects, startups, and original ideas. The company revealed that the fund will be represented by its new subsidiary company.
Although the fund does not demand any specific requirements from interested participants yet, the company, however, encourages potential participants with a great idea or a ready-to-launch crypto project to submit an application, which will be reviewed by the fund’s panel of judges. Once the projects with the highest potential are approved, participants will get a chance to join the Velas acceleration program.
The Velas acceleration program will offer a variety of crypto services including, Development support, Mentorship, Acceleration, and Marketing support. The program reflects the company’s status as a proponent of new talent in the blockchain and crypto communities.
The CEO of Velas, Farkhad Shagulyamov commented on the new development saying;
“Velas has always been supporting talented and innovative crypto enthusiasts ready to start working on forward-looking projects…”
“I believe that our fund will open new possibilities for them as well as significantly contribute to the development of the whole Velas ecosystem and crypto industry,” he added.
The announcement further revealed that the accelerator program will last up to three months, which may offer participants a minimum investment of $25,000. The program will provide all participants with professional remote assistance and will offer investment depending on criteria like project stage, team expertise, and the development of the project.