Mind Fund And Hedera Hashgraph Partner To Create Helix, A Dedicated Hedera Accelerator

Mind Fund, a Hong Kong-based VC company that incubates and invests in the next global wave of technology companies, is pleased to announce the launch of the new Helix Accelerator in partnership with Hedera

The Helix Accelerator, based in Hong Kong, is the first global accelerator to incubate projects building distributed applications exclusively on the Hedera hashgraph platform. The first batch will be recruited from the Hedera hackathons held in October across nine different cities on four continents.

“The hashgraph consensus protocol represents a new paradigm in distributed computing at scale, and the potential opportunities for distributed applications are immense,” said Adam Lindemann, partner at Mind Fund.  In order to help realize this potential, Helix is a systematic program which will provide funding and mentorship from technology and business veterans. The program runs ten weeks, and is based in Hong Kong, one of the most vibrant cities in Asia. All projects are expected to spend the full term in Hong Kong, where living accommodations will be provided. Helix has a beautiful 6,000 square foot office space in the trendy Wong Chuk Hang district, and each project will receive US$100,000 upon graduation. 

After the program, all teams will get access to Global Incubation Stream, a networking initiative by Mind Fund and its Tokyo and San Francisco based partner, Digital Garage, which supports graduates from their respective accelerator programs around the world.

“We believe Hedera has the best chance of succeeding in building the enterprise-grade public network that will be used by startups and enterprises for years to come. The quality of the team and the technology is unrivaled in this space and we want to help Hedera succeed by fostering the ecosystem with an accelerator.  We think now is the perfect time for accelerators in the crypto space because the days of raising an ICO pre-product are over. It is advantageous for startups to at least have a working proof of concept before they raise institutional rounds, and we believe Helix can help with this,” said Mark Cheng, Mind Fund partner and Helix CEO.

“The Mind Fund team has a proven track record of selecting, incubating and scaling successful startups,” said Edgar Seah, head of Asia Pacific for Hedera. “We are delighted that they have selected Hedera’s fast, fair, and secure platform as the basis for Helix, and look forward to working with them and the companies that go through the program to build the next generation of distributed applications.”

Hashgraph has raised a total of US$124M. Of that, $20M was from the accredited investor crowdsale, and the rest from institutional investors (37% from APAC).

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Why Is the Metaverse Important for Your Brand

Why Is the Metaverse Important for Your Brand?

Metaverse is the older–and much more advanced–sibling of the internet, and it is on its way to becoming the favorite child of many brands. It is a new iteration of the web that is shaped by its users.

Top 5 Electric Car Companies of 2022

Top 5 Electric Car Companies of 2022

Business and political conversations in recent years have shown that you simply cannot talk about progress without mentioning sustainability. Startups and big corporations are having to upgrade their business models to factor in climate change and the environment. Shoppers have taken notice, too.

Asian Startups Set to Join the IPO Race in 2022

Asian Startups Set to Join the IPO Race in 2022

Despite the pandemic, 2021 had been a bumper year for initial public offerings (IPOs). According to the 2021 EY (Ernst & Young) Global IPO Trends Report, the global IPO market had a total of 2,388 IPO deals, raising US$453.3 billion in proceeds. Global IPO activity was up 64 percent in deal numbers and 67 percent in proceeds when compared to 2020.

How-To Tech Safe Internet Navigation Tips for Seniors

How-To Tech: Safe Internet Navigation Tips for Seniors

As you get older, it gets harder and harder to keep up with the advances in technology. Also, cybercriminals are exploiting the pandemic-induced shift to the digital realm to their benefit. The elderly lose US$30 billion a year to online scams, and as of 2020, there has been a 69% increase in online scam reports.

Why Are Jack Dorsey and Elon Musk against Web 3.0

Why Are Jack Dorsey and Elon Musk against Web 3.0?

“Sounds like BS” was Tesla CEO Elon Musk’s very eloquent review of Web 3.0. After all, few people know more about BS than Musk.
Web 3.0 has been touted as the internet of the future and a new generation of webs. It aspires to decentralize the internet using blockchain-based tokens. It will allow people to “own” their internet activities, thus doing away with the power of big techs, such as Amazon, Alphabet and the like.

Virtual Concerts—The Post-COVID Future of the Music Industry

Virtual Concerts—The Post-COVID Future of the Music Industry

Much like most other industries, the music industry also saw a hefty blow from the pandemic. Be it BTS, the Weeknd, Harry Styles or Bon Jovi, a lot of major artists have had to cancel their concerts throughout 2020. To make up for these canceled live interactions with fans, artists shifted to the Internet.