ZILHive is a startup accelerator program that helps high-potential blockchain startups. The program is backed by the joint collaboration between Zilliqa, a global blockchain protocol and LongHash, a global blockchain incubator. As an extension of the Zilliqa Ecosystem Grant Programme, five selected projects will be guaranteed grant funding of US$20,000 upon completion of the incubation program.

The Emergence of Blockchain

Blockchain-based commerce leverages on the distributed trust provided by the network to execute and settle transactions in a matter of minutes instead of days in the traditional models. This breakthrough in technology will be able to provide new means to conduct international commerce without relying on a centralized intermediary. Whether it’s tackling financial inequality through decentralized finance (DeFi), revitalizing media by transforming advertising, or bridging gaming assets with the real world, blockchain-based commerce will provide exciting playing ground for all small businesses to partake in, as they can achieve unprecedented cost-savings and speed up their settlement processes like never before.

The Programme

The ZILHive program will be accepting applications from June 18 till July 31 and will kick off on October 1. As an extension of the Zilliqa Ecosystem Grant Programme, five selected projects will be guaranteed a non-dilutive grant funding of US$20,000 upon completion of the incubation program.

Incubatees will also be exposed to a series of structured technical tutorials, a wide network of mentors, and most importantly a wide array of funding opportunities. Open to participants from all over the world, these selected five teams of ZILHive will be tasked to create a product over the course of three months, and achieve three critical milestones including the creation of:

A minimum viable product (MVP)

An Alpha program to gather user-based product feedback

A Beta program with the Zilliqa community to kickstart the product’s launch

At the end of the incubation program, teams will be given the opportunity to pitch their finished product to venture capital firms, angel investors, and family offices on the Demo Day, where they can seek further funding opportunities.

Please use this link to register for the incubation program, or visit https://longhash.com.sg/program

Who is ZILHive for?

Programs such as ZILHive are of great importance to the new, digitized economic ecosystem that is emerging around us today. This world requires visionary leaders and breakthroughs in technology which will pave the way for new and better methods of international commerce. Blockchain-powered commerce is one such area we can build on, using and developing robust infrastructures such as Zilliqa’s platform.

For any queries on ZILHive, you may leave a comment on this article, or direct them to admin.sg@longhash.com