The programme aims to to admit up to ten startupsZetrix, a leading layer-1 public blockchain platform by MY E.G. Services Bhd , and Web3Labs Hong Kong, a Web3 development and investment company, have launched the Zetrix Global Accelerator Programme to incubate and nurture promising Web3 startups worldwide with ecosystem support from Hong Kong’s progressive Virtual Asset ecosystem.
The six-month accelerator seeks projects demonstrating evidence of product-market maturity and possessing an innovative and clearly defined development pipeline that can ideally supplement Hong Kong’s virtual asset roadmap. Industries beckoning blockchain-based innovation include real-world asset tokenization, security token offerings, and stablecoin innovation.
As part of this initiative, a dedicated Global Accelerator Programme will incubate and nurture promising startups building applications on the Zetrix platform, providing them mentorship, technical support, and access to funding to entrepreneurs who will contribute to Hong Kong's Web3 landscape and benefit users from all around the world.
“The Hong Kong government has been capitalising on Web3 trends responsibly - last year, it announced the establishment of the Task Force on Promoting Web3 Development to provide recommendations on the sustainable and responsible development of Web3 in Hong Kong, and to encourage the adoption of blockchain technology,” he said.