Moscow, Russia – MTS PJSC (MOEX: MTSS), a digital ecosystem, announces the launch of a blockchain accelerator. The company is looking for startups developing digital products based on blockchain technology. Graduates of the acceleration program will have the opportunity to attract investments of up to $5 million (in the project) from the MTS venture Fund.
The MTS StartUp Hub Innovation and Investment Center, which includes the MTS corporate venture fund, announced the start of collecting applications to the blockchain accelerator. Applications will be accepted until June 10, registration is available on the official website of the program.
Startups developing the following solutions are invited to participate in the selection:
1) Physical devices for accessing distributed registries
· Crypto Cards;
· Identification systems on the blockchain;
· Crypto banks and registry access points.
2) FinTech services
· Payment solutions for transactions (C2C/B2C/B2B) with digital assets;
· Crowdfunding and Crowdinvesting Platforms Based on Blockchain;
· A platform for charitable foundations on the blockchain.
3) Services for registration and transfer of ownership rights
· Distributed registries for registration of property rights and patenting procedures;
· NFT;
· A digital passport for any physical asset.
4) Cybersecurity of data and infrastructure
· Blockchain-based solutions for the secure exchange of personal data;
· Protocols for the exchange of information between networks and its verification;
· Solutions to ensure a secure digital perimeter.
5) Other solutions
· Blockchain-based products with high investment potential.
Among the main selection criteria: the presence of an MVP and a confirmed market for product development, a strong team.
The acceleration program will last for 2 months with the involvement of the best experts of the blockchain market, among them: Vladimir Stasevich (Atomize), Evgeny Arkhipov (ex-blockchain Ak Bars Bank) and others.
The accelerator program includes practical workshops and workshops, individual work with trackers and business customers from MTS to refine the product and business strategy. Participants will be given the opportunity to connect to the CFA HUB infrastructure (its own blockchain platform developed by a subsidiary of MTS PJSC, Blockchain Hub LLC) to test business models. In addition, startups will have access to an 80 million MTS audience to conduct a pilot product launch in the ecosystem circuit.
The accelerator will end on September 1 with a demo day, where participants will present pitches of their projects to MTS top managers, as well as representatives of external venture funds, private investors and leaders of the blockchain industry.
"Over the past few years, we have seen the active development of solutions based on distributed ledger technologies. The development of blockchain technology and its application are also welcomed by the regulator, which is actively forming a regulatory framework for the application of such solutions in business and life. At MTS, we have been developing our own expertise in the Blockchain market for several years based on the infrastructure and license of the CFA Hub (a platform developed by MTS's daughter, Blockchain Hub LLC). We will invite Web3-based technology projects to cooperate and are ready to provide them with expertise, access to technologies and the MTS ecosystem, as well as investments for the development of new breakthrough products!" says Dmitry Kurin, Director of the MTS Strategic Development and Investment Department.
Please note that this press release is based on materials provided by the company. AK&M Information Agency shall not be held liable for its contents, nor for the legal and other consequences of its publication.
