At the Next Earth HQ we will run an Accelerator program for startups that are coming to the Launchpad and for those that want to integrate with our ecosystem, even without launching their own token. As we open more Next Earth Hubs, the Accelerator program will become more and more distributed and more local, being capable of working with more companies.
The first company to successfully go through the Next Earth Accelerator was Rising Star. We have provided them with $100k worth of services, work and mentoring.
As the number of these startups increase, we will be running Hackathons where an Idea Bank with specific allocated Prize Pools will be introduced. Basically we will say: “Here are a few ideas voted in by the community, create a prototype for it in 72 hours to be eligible for the Prize Pool”.
The best of these companies will gain admission to the Accelerator program, where we provide them with tech support, consulting and they will be pitching on a Demo Day to get community votes, feedback from experts and apply for NXTT Grants.
As part of the Accelerator we will also establish partnerships with local venture capital funds and angel investors. To them, these startups will provide a deal flow so the best startups can get funding not just through a token sale on the launchpad but also through our investor network. As our Ambassador Program scales, we will get more and more of these networks built both locally and globally.