Boost Your Finance 3.0 Startup With AEA Program
By: I For Business
Tags: Funding, Blockchain Funding, Blockchain Startup, Algorand

Boost Your Finance 3.0 Startup With AEA Program

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After the bitcoin blockchain revolution, people understand that the bank is optional to manage personal finance and we are now in the era of finance 3.0 where you will not only take control of your finance but also eliminate the middleman, fees, charges, penalty, etc. Finance 3.0 created on top of blockchain technology to maximize trust and security and if you are a developer or entrepreneur want to create a finance 3.0 tool or service but facing many issues including funding, then stick with this article I will tell you how you can apply for AEA (Algorand Europe accelerator program) and what kinds of boost you will get?.

If you look at the telecom sector it evolved from 1G to 5G where we are getting limitless facilities like high-speed internet, IOT (Internet of things), and every sector is evolving in the era of technology, but if you look at the financial sector, it just moved from offline to online but still centralized, delays in transactions, security risk, error, High transaction fees, audit cost, Compliance risk, Increased Software Costs, Complexity, etc{Reference}. So now it is time for finance 3.0.

As a telecom service provider, take funds from capital ventures or investors then use that money to create a huge infrastructure to implement 5G technology.A finance 3.0 startup also needs some financial support, Infrastructure, Blockchain network to grow or to create financial services and products for users.

What is AEA program?

Either your company or startup is a traditional financial service/application provider which works on a traditional financial system or early-stage startups creating a finance3.0 tool and service but facing many problems including funding issues, then the AEA program will help you to evolve from traditional financial system to finance 3.0.

This is a 12-week accelerator program where if your project gets selected then your project will get end-to-end support across the spectrum of strategy formulation, go-to-market execution, and subject matter guidance across technological mentorship, token economics, marketing, and fundraising. If your project is selected by the AEA program, then you will get initial seed funding of $15,000 then you may be eligible to get funding up to $500,000 in follow-on investment.

As mentors you will get connected with some big personality of blockchain industries like Adi Sideman, Co-Founder at Props, Carlos Domingo, Founder and CEO at Securitize, Adrian Uberto, Managing Partner at Coinlist, Pasquale Tuosto, Director of New Business Ventures at Generali, Tim Boeckmann, Business Developer at Amazon Web Services, as well as Chen Li, CEO at Youbi Capital.

Who is backing the AEA program?

This program is mainly backed by three companies 1. Algorand Foundation, 2. Borderless Capital, 3. Eterna Capital now let’s discuss these companies in brief to understand how genuine this program is.

Algorand Foundation

Algorand foundation is a not-for-profit organization who has a vision of a borderless and frictionless economy that built of decentralized blockchain. This is the governance and research organization behind the Algorand platform and envision to built every financial application on the top of Algorand blockchain and that’s why through these kinds of mentorship programs it invites all the exciting companies and startup to grow there platform here by accumulating seed funding and mentorship.

Borderless Capital

This is the venture capital that invests in potential projects that are created using Algorand blockchain and with the same vision of a borderless economy like Algorand foundation and it not only provides funds but also provides mentorship to achieve success.

Eterna Capital

This is a London based investment company which shows interest to invest in the startups that are building by leveraging blockchain technology. It supports entrepreneurs that envision bold innovative ideas and provide mentorship also to reach that goal.

How to apply for the AEA program?

After following the success of AAA(Algorand asia accelerator) program AEA now launched and applications are now open until 18th December 2020. You can submit your application here.

But before you go to apply for this program I would like to suggest checking the event video of the last AAA program which will give you more Idea about this program in detail.

Final thought: I think the revolution about which I talked in the beginning of this article are only possible because the entrepreneur took right decisions at right month for there company and of course as bitcoin and crypto popularity is growing so people are unknowingly going toward finance 3.0 and you need to be prepared for the future and if you are a financial startup founder then go ahead and apply for this program.

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