Starfleet Names Four Projects It Will Finance For Its Aeternity Venture’s Accelerator Program

Starfleet Names Four Startups That It Will Fund For Its Aeternity Venture's Accelerator Program

One of the biggest names in the game of decentralized smart contracts – Aeternity Ventures – has finally concluded the first round of their 2019 Starfleet investment initiative. The completion was marked by the selection of four leading and most promising blockchain-based startups that they will mentor and fund via the accelerator programme. And this comes at a day and age when very few venture capitalists and investors are really committed to channeling funds to the general market. However, this Starfleet Accelerator Programme has continually remained on the frontline of having grown and supported at least nine seed long-term blockchain startups successfully in the past one year alone.

In case you are wondering, the 4 teams selected for this year's foray were handpicked from a larger pool of 8 most promising finalists. It was a rich and diversified group that had teams dabbling with anything from ticket provision to financial trading algorithms, The final 4 went a long way in impressing the bench of judges that comprised of leading VCs, media, funds, crypto experts and blockchain enthusiasts. The metrics used to judge and sift through this list included but was not limited to the strength/cohesiveness of the team, clarity of the team's business idea, scalability potential, and adaptability in fitting into Aeternity‘s blockchain programme.

Before the kickoff of this exercise, there was a staggering amount of endless applications that were sent from all over the globe by up-and-coming startups. What raised eyebrows, however, was the sporadic surge of applications emanating from blockchain-based startups from Asia and Africa. This showed that the effort and hard work that Aeternity‘s African Hub was putting in educating and empowering small businesses and entrepreneurs in Africa through meetups and hackathons were finally coming to fruition. In addition to this, there was also an increased number of German-based startups as well as projects overseen by companies from the larger Balkans region. All of this is thanks to the recent launch of the new Bloc(K) Podcast.

The four blockchain startups that were successful in securing funding and subsequent mentoring included Abend, Cryptic Legends, Cryptotask, Homeport. Speaking of which, a special community and return award was gifted to Cryptic Legends by the in-house Manager of Blockchain Operations, Mattia Martinez. In addition to this, the selection team presented all teams with ae tokens of a sum of 10,000 to be distributed according to the ratio of how each of them performed in their online vote.