Hedera Hashgraph And Mind Fund Partner To Create Helix Accelerator To Incubate DLT Projects
Mind fund is a Hong Kong-based VC company that was established to invest and incubate the technology companies that are in the market. They have gone ahead to announce their launch on the new Helix Accelerator, which is in partnership with Hedera.
The Helix Accelerator is also based in Hong Kong and has been considered to be the very first global accelerator that has been incubating projects.
This is not all as it builds a distributed application that has been designed to work on the Hedera hashgraph platform exclusively. During the Hedera Hackathon, it is when the first batch will be recruited, this shall be held in October in nine different cities in around four continents. It is something to look forward to.
According to a partner in Mind Fund, Adam Lindeman, the protocol that has been designed on the hashgraph consensus has presented a new kind of paradigm in the distributed computing; as a result, the potential opportunities present for the distributed computing are immense.
He went ahead to say that to help in the realization of this potential then Helix will need to be a synthetic program which will be in a position to provide the required mentorship plus funding from the different businesses and technology veterans.
More On The Hackathon
The hackathon program will be running for about ten weeks, and it will be based in Hong Kong, which as we know is one of the most vibrant Asian city. All the projects for the event will be expected to spend their full term in Hong Kong, as the living accommodation will be adequately provided for all.
The Helix office premises have been designed as a very beautiful 6000 square foot that is based in the Trendy Wong Chuk Hang District, where each project is expected to receive about $100,000 once they have graduated. After the projects have completed the program, all the present teams will be given global access to the Global Incubation Stream.
The Global Incubation Stream is a networking initiative that has been developed by Mind Fund together with their partner in Tokyo and San Francisco, which is referred to as Digital Garage. It is a company that supports the graduates from the different accelerator programs based around the world.
According to the CEO of Helix and Partner of Mind Fund, Mark Cheng, he firmly believes that Hedera has an excellent chance in building an enterprise-grade public network, one that will quickly be used by the startups in the market for several years to come.
The current quality of the technology and the team behind it is unchallenged in the current space and has gone ahead to help the Hedera platform to succeed; this is all done by fostering an ecosystem that has an accelerator.
He goes ahead to say that they think now would be the perfect time for the accelerators to be in the crypto market because the day’s investors would raise a pre-product in the ICO are coming to an end. It will benefit the different startups to have the working proof of concept in place before they would go ahead and raise the institutional rounds, and this is where Helix comes to play as it will be in a position to help.
It is clear the Helix project is going to offer desirable advantages to the crypto market, and together with the Mind Fund team that has a promising track record in scaling successful startups, then there is a lot to expect. The partnership will be able to build a successful program that will be able to create the next generation of the distributed applications.