Lisk Blockchain Incubation Hub Empowers African Web3 Startups with Grants and Mentorship
TL;DR
Lisk Blockchain Incubation Hub provides African startups with up to $100,000 in funding, giving them a competitive edge in the Web3 space.
The six-month Lisk Incubation Hub program offers mentorship, curriculum, and $20,000 grants to help African startups refine their ideas and strategies.
Lisk's support of African startups through the Incubation Hub fosters trust, streamlines processes, and unlocks economic opportunities, driving positive change in communities.
Innovative projects like Tata-iMali, TrendX, and Pokecoin are leveraging blockchain to transform sectors in Africa, showcasing the power of technology for real-world impact.
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Lisk has completed its inaugural African blockchain incubation program, supporting 23 startups with $196,000 in grants and helping them develop innovative Web3 solutions across multiple sectors. The six-month initiative, powered by CV Labs, has enabled entrepreneurs to create impactful blockchain applications addressing critical challenges in agriculture, finance, and entertainment.
The program's first cohort demonstrated significant market traction, with startups onboarding over 26,000 users, tokenizing $1.8 million in assets, and processing more than 20,000 blockchain transactions. Notable graduates include Nomachain from Kenya, which is pioneering blockchain-powered rent-to-own property models, and Tata-iMali from South Africa, developing a fiat-backed stablecoin to connect informal and formal economies.
Now accepting applications for its second batch, the Lisk Incubation Hub will offer up to $20,000 per project in grants, alongside comprehensive mentorship and networking opportunities. The program aims to address the historical lack of support for Web3 entrepreneurs in high-growth markets, providing a crucial platform for innovative blockchain solutions.
Dominic Schwenter, Lisk's COO, emphasized the importance of supporting builders in emerging markets, noting that these regions possess abundant talent and the potential to drive global blockchain innovation. By providing resources, funding, and strategic support, the incubator helps transform promising blockchain concepts into viable, impactful projects.
The initiative represents a significant step in democratizing blockchain technology, enabling African entrepreneurs to develop solutions that address local economic challenges while contributing to the global Web3 ecosystem. With applications for the second cohort now open, the program continues to foster innovation and technological advancement in one of the world's most dynamic technology landscapes.
Curated from News Direct
