On April 29, the call for the presentation of projects before Blockchain Academy Chile and the Celo Foundation closed, in which there were at least 60 projects from different countries in Latin America and Europe. However, only six (6) were selected in the 1st batch of the Blockchain Academy Chile incubator for the program created by both organizations to which they will be submitted for 18 weeks.
According to the press release issued by Blockchain Academy Chile, the six projects that will be part of the program are: Cash Abroad (Dapp for sending remittances with a focus on the use of stablecoins.) DAOVOTION (DAO that allows the financing of impact projects and intellectual works in the public domain.) Object Soul (Dapp for product traceability with NFT integration.) Stellarium (Virtual reality gaming platform with a Play and Earn approach.) Inda House (DApp for real estate tokenization.) Helpi Finance (DApp for Farming through stable coins.)
The selection process lasted one month, among the original countries of the projects were: Venezuela, Spain, Mexico, Argentina, Colombia and Chile. And the most abundant projects were related to the areas of DeFi, metaverse, Tokenization, NFT‘s, among others.
In relation to the reception that the program had in the Latin American territory, the Academic Director of Blockchain Academy Chile, Cristobal Pereira said for the press release: “I was very surprised not only by the interest that there was for the program, but also by the quality of Latin American-based projects. This convinces me more and more that in the region we will be a relevant player in the world’s blockchain and cryptoactive industry, and we have to convince ourselves that it is possible to transform our economic matrix by adding technological services to it, because we have human capital and very disruptive initiatives”
The program is focused on measuring the market for each project and from there, creating a business model that is sustainable for them to consequently create a minimum viable product (MVP).
To achieve these objectives, during the 18 weeks of the program, the projects will receive advice from top-level mentors who have knowledge and experience in the development of blockchain startups. In addition, they will also be part of talks and workshops that will be shaped according to the stage of the program in which they are.
The program will be divided into three stages:
- The development of the project and business model.
- Technical development.
- PMV validation.
And it is expected to be a day in which each subsequent step taken is a consequence of the previous one and thus generate a progressive and optimal development. In sum, they will have benefits of around USD 20,000.
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