Techstars London launches UK’s first Web3 cohort in partnership with Polygon Labs

Techstars London has today announced the launch of its newest cohort, the first Web3 focused accelerator programme in the UK, in collaboration with Polygon Labs, the development and growth team for the leading Polygon blockchain protocols.

The latest programme comprises 12 ambitious startups leveraging Web3 technologies such as blockchain, crypto and NFTs. It includes businesses from multiple industries - from fashion to fintech, and insurance to healthcare.

The new cohort named “Techstars London powered by Polygon” will combine the leadership and expertise of Polygon Labs, a growth and development team supporting one of the world’s leading blockchain protocols, with Techstars’ proven ability to connect founders to experienced mentors who match their unique needs.

The cohort will be guided by an experienced team including Techstars’ managing director and VC, Saalim Chowdhury, who is one of the few accelerator managers that has elevated a Web3 business into a leading unicorn, and is striving to do the same this time round.

Each business will engage in an intense programme to facilitate growth at a rapid pace, through to and beyond their series-A. On this journey, they will be supported through one-to-one mentorship from multiple former startup founders, assigned dedicated growth coaches, customised training and access to capital as they find focus, in order to aggressively grow and scale their businesses.

The cohort has a diverse list of up-and-coming blockchain-focused startups, including:

Asterizm - An enterprise-oriented blockchain interoperability layer that provides confidential data transfer through an encrypted channel

Aware - A business analytics engine that unlocks business potential in blockchain data by uncovering deep insights and predictions using free text

Buildoor Labs - A usability infrastructure to simplify UX, retain, engage and track users in Web3

CombatIQ - The world’s first Computer Vision powered analytics company dedicated to Combat Sports

Cryptive - An insurance provider, offering Captives-as-a-Service for Web3 businesses

Esca - A stable digital currency savings account for businesses in emerging markets

Esoteric - A business helping fashion enthusiasts create their most cutting edge outfits by providing a virtual wardrobe and styling tool

Liquify - An invoice marketplace that transforms invoices from SMEs in emerging markets into an investable asset class for financiers seeking reliable yield

Maka Health - A business providing personalised and preventative healthcare

Musiqmesh - A B2B SaaS product to help music creators create and monetise music using a simpler and more efficient music production supply chain workflow

Popp - A business helping e-commerce brands unlock the true value of their superfans.

RAML - A SaaS based business helping FinTechs accurately, efficiently and securely assess their money laundering risks, driving time and costs reduction ordinarily associated with risk assessments.

Saalim Chowdhury, managing director at Techstars London: “London has a golden opportunity to become a global hub for Web3. It’s not just a product, it’s a revolutionary shift in how we use the internet, which is why we’re excited to work, in collaboration with Polygon Labs, with the innovative pioneers that are behind the businesses of the future.

“The talented group spans a range of sectors and gives way to a diverse variety of use cases. We’re keen to show that more entrepreneurs can move into the space, regardless of industry.”

Ajay Venkatesh, SVP and head of developer studio, Polygon Labs: “At Polygon Labs, we’re passionate about fostering innovation and pushing the boundaries of what’s possible.

“Together, we’re creating a dynamic space where unique perspectives thrive, imagination fuels entrepreneurship, and mentorship guides the way. Our ultimate goal is to nurture a new generation of builders who push the boundaries of Web3 innovation and adoption, leaving an indelible mark on the industry.”

By Mark Adair – Correspondent, Bdaily

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