TechFlow news: Web3 investment firm FutureMoney Group has partnered with the IoTeX Foundation to launch a $5 million Decentralized Physical Infrastructure Network (DePIN) accelerator program.
EO Hao, Founding Partner at FutureMoney Group, said: "We're excited to launch a DePIN-focused accelerator that supports some of the most innovative entrepreneurs through IoTeX, a leading DePIN infrastructure provider. We're particularly interested in projects that accelerate geographic diversity, environmental responsiveness, and democratize access to scarce data resources."
Jing Sun, Co-Founder and Head of Investments at IoTeX, said: "For innovative startups, there's immense untapped potential in riding the wave of decentralized physical infrastructure and bringing proven real-world data on-chain. We're thrilled to be part of this first-of-its-kind DePIN accelerator program, which will be an ongoing series aimed at identifying and empowering forward-thinking founders."
The virtual accelerator program will accept applications from December 24, 2023, to January 14, 2024, with the first demo day scheduled for the end of February 2024. Over six weeks, FutureMoney Group and the IoTeX Foundation will lead an intensive program offering exceptional networking opportunities, resources, and mentorship support to founders. Key focus areas will include DePIN flywheel mechanics, tokenomics, effective pitching and fundraising strategies, technical workshops, modular development tools, marketing strategies, liquidity enhancement, and community engagement.
