The San Francisco based blockchain and Ethereum-focused accelerator program will run from mid September to mid November. Each project will receive $75-$100k in pre-seed funding for 5% to 7% of equity depending upon the stage of the company and 2.5% of the total market cap tokens mapped.
The program will slingshot early stage blockchain and Ethereum projects from idea to viable MVP. The Tachyon program gives participants the opportunity to learn from and to be mentored by members from within the ConsenSys Mesh (including MetaMask, Truffle, Infura, Ujo, Civil, Trustology, Adhara, Token Foundry, Labs, and Legal), pioneers in the blockchain technology space, and advisors from the web 2.0 and web 3.0 worlds. Founders will receive a chance to pitch venture capitalists and angel investors at the close of the program.
“The Tachyon accelerator, an extension of ConsenSys Ventures, will give entrepreneurs a unique faster-than-light jump start with the unprecedented opportunity to access the deep network of ConsenSys founders and technologists who have years of expertise building on the Ethereum platform. We look forward to partnering with budding entrepreneurs and supporting external projects that aim to grow the decentralized web, Web 3.0.
All San Francisco meetings will be held at the ConsenSys West Coast headquarters located in downtown San Francisco's Financial District.
Blockchain project track – blockchain-agnostic projects looking to build a business around their product or service
Blockchain for Social Impact track – social-impact focused projects that are not necessarily profit driven
Blockchain infrastructure and dApps are the building blocks for the decentralized Internet of Value. ConsenSys Ventures believes there is value in open source initiatives that further the Ethereum community, even without a revenue-generating business model.
As a part of the initial Tachyon Accelerator cohort, we will grant $100,000 each to 2-5 projects building crucial open-source software, infrastructure, and applications.