BitcoinFi Accelerator Launches Pre-Seed Program for Developers

[PRESS RELEASE – Atlanta, GA, September 27th, 2024]

Boost VC, Draper Associates, and Thesis* Collaborate to Drive Innovation in Infrastructure, DeFi, and SocialFi

Boost VC, Draper Associates, and Thesis*, a renowned venture studio with a long history of funding and developing Bitcoin-based brands, have announced the launch of the BitcoinFi Accelerator. This exclusive six-week initiative is designed to propel forward the next wave of decentralized applications (dApps) and solutions built on Bitcoin. The program aims to nurture pre-seed teams pursuing groundbreaking projects in Decentralized Finance (DeFi), Social Finance (SocialFi), and Infrastructure, with applications opening today, September 27, 2024. Each participating project will start with $150K in funding.

As the Bitcoin ecosystem progresses, this accelerator offers expert mentorship, technical resources, and vital networking opportunities to a select cohort of innovators. Up to 20 teams will be chosen to join the program, providing them with seed funding and pathways to scale their initiatives through direct engagement with Bitcoin’s extensive economic potential.

“For a long time, Bitcoin projects have faced significant funding challenges. The BitcoinFi Accelerator represents a significant shift in how the Bitcoin developer community accesses resources for expanding the entire Bitcoin ecosystem. It delivers the capital necessary for creating technology that effectively utilizes Bitcoin in the real world,” said Matt Luongo, CEO of Thesis*. “We’re thrilled to partner with other industry pioneers who were early advocates for Bitcoin, leveraging their proven expertise in early-stage incubation to offer hands-on mentorship.”

The BitcoinFi Accelerator is specifically designed to harness Bitcoin’s economic value and scalability, driving innovation in critical areas such as decentralized exchanges, lending platforms, community-based social networks, and other solutions aimed at broadening Bitcoin’s functionality as both a financial and social instrument. Teams taking part will gain from expert mentorship and the chance to attract follow-on funding from a network of distinguished investors and industry leaders, positioning them for lasting success.

Tim Draper, founder of Draper Associates, highlighted the transformative promise of the accelerator: “Bitcoin is entering a new era as a platform for real-world solutions. This accelerator will showcase the brightest talents in the ecosystem, and I eagerly anticipate the innovations these teams will create. The potential of Bitcoin as both a global currency and a technology framework is immense, and this program will help unlock that potential.”

Adam Draper, Founder and Managing Director of Boost VC, pointed out that Bitcoin presents a pivotal opportunity for developers to grow the BitcoinFi ecosystem, stating: “Boost VC was the first investor in deep tech companies, and over a decade ago, we launched the first Bitcoin accelerator. We are always seeking the next groundbreaking innovation, and now is the time to build on Bitcoin. That’s why we are collaborating with Thesis* and Draper Associates to make this happen once again!”

Applications for the BitcoinFi Accelerator are open today, with selected teams set to participate in the intensive six-week program starting in November. Throughout this period, teams will collaborate closely with mentors to refine their products and strategies, culminating in a final showcase event where they will unveil their innovations to a global audience of investors and industry leaders.

For details on eligibility and the accelerator’s focus areas, please visit https://bitcoinfi.network/

About Boost VC:

Boost is an early-stage venture capital firm dedicated to being the first investment in sci-fi ventures. In the crypto domain, this translates to early positions in companies such as Coinbase and EtherScan. To learn more, please visit: https://www.boost.vc/

About Draper Associates:

Founded in 1985 by Tim Draper, Draper Associates is a seed-stage venture capital firm committed to helping entrepreneurs realize their business ambitions. Tim Draper is a prominent venture capitalist within Silicon Valley, having invested in iconic firms like SpaceX, Tesla, and Coinbase. He is also a passionate advocate for Bitcoin and ranks among the world’s largest cryptocurrency holders. For more information, please visit: https://www.draper.vc/

About Thesis*:  

Thesis* is an innovative venture studio focused on developing projects on Bitcoin. Since 2014, Thesis has dedicated itself to building solutions aimed at empowering individuals and communities through market-leading products like Fold, Mezo, tBTC, Acre, and Taho. Thesis* continues to challenge existing systems through innovation while striving for a sovereign digital future that shapes the decentralized landscape one project at a time. To find out more, please visit: https://Thesis.co/