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Gate Ventures has announced the launch of the Web3 (Open-web) and AI Frontiers Program in partnership with Solana Superteam UK and the Cambridge Blockchain Society. The initiative aims to support early-stage innovation in the blockchain and artificial intelligence fields, all powered by the Solana blockchain. Targeting academic founders, especially those from universities like the University of Cambridge, the program seeks to turn research-based initiatives into real-world applications.
Wide range of support
Capital investment, technical assistance and access to a global blockchain network will be provided to chosen participants. The main areas of focus are decentralized finance (DeFi) blockchain infrastructure and AI-powered apps created on Solana. There will be flexible funding schedules and investment support ranging from $100,000 to $1 million.
The program offers post-investment services like technical mentoring, strategic business advice and access to talent networks in Web3 and blockchain in addition to financial support. The partnership integrates the strengths of its three original organizations. The venture capital division of Gate, Gate Ventures, focuses on early-stage investments in middleware applications and decentralized infrastructure.
The company provides operational and strategic support to help projects grow in the Web3 space. Within the Solana ecosystem, Solana Superteam UK is a nonprofit talent accelerator that links technical contributors, investors and builders. In the two years since its establishment, the team has helped startups raise over $15.7 million from top investors and facilitated over $1.02 million in economic opportunities.
Making concepts real
The University of Cambridge's Cambridge Blockchain Society (CBS) is a student-run group that specializes in incubation, hackathons and blockchain education. A leader in the University Blockchain Association, which connects Web3 societies around the world, CBS has also backed initiatives that have raised money and reached important technical milestones.
The program's objective is to find projects with the potential for practical implementation, as well as long-term usefulness. This involves supporting applications that incorporate AI to generate new capabilities in decentralized systems, as well as technologies that enhance the scalability, security and usability of blockchain networks.
The Web3 & AI Frontiers Program is aimed at speeding up development and improving decentralized tech by bringing together academic research teams and industry practitioners. It places an emphasis on useful results such as deployable prototypes, mainnet and testnet launches and business models that can support expansion.
The program is currently accepting applications, and researchers and founders are encouraged to submit. Gate Ventures advises potential applicants to review relevant regulations as participation may be subject to jurisdictional restrictions. Before making any financial or operational commitments, the organizers advise interested parties to consult a professional.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team