Polygon partners up with tech firm Lumos Labs to launch the PolygonLEAP Accelerator
- ByTejika Bajaj | December 9, 2021
Leading ethereum scaling and infrastructure development startup Polygon has recently joined hands with Lumos Labs to launch the PolygonLEAP Accelerator 2021 in an attempt to support Indian startups with mentorship and ecosystem support in their Web 3.0 journeys.
Elevation Capital, Lightspeed, Jump Capital, Woodstock Fund, Sino Global Capital and Buidlers Tribe have all been on-boarded as the investment partners and mentors. Polygon has set aside an aggregate amount of $250,000 as the grant amount for Indian Web 3.0 startups that build on its network.
Talking about the recent initiative, the co-founder of Polygon, Sandeep Nailwal said, “Polygon seeks to empower Web 3.0 developers by providing an accessible and scalable infrastructure. We look forward to working with Lumos Labs and inviting passionate innovators in India to build on Polygon.”
The startups that would be a part of this accelerator would also stand to raise pre-seed/seed investments of over $9 million from the capital partners. The accelerator programme would be a 4 month long event which would include a series of meetups designed to engage and interact with the developer community. It will conclude with a month-long bootcamp phase where selected startups will turn their vision into reality under mentorship from the industry’s leaders.
Commenting upon the accelerator programme as well as the collaboration between the two entities, the co-founder of Lumos Labs, Kaavya Prasad stated, “We are excited to onboard Web 3.0 startups and enhance these solutions further with expert guidance and support in partnership with the PolygonLEAP 2021 Accelerator. Blockchain technology has been transformative for the global and Indian tech ecosystem and through this accelerator; Polygon and Lumos Labs are working towards empowering the startups even further.”
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