Google Launches $6M Blockchain Accelerator for Startups

Google Cloud Startup Program has extended its reach to blockchain companies. Providing partnering grants of up to $6 million and hundreds of thousands of dollars in Google Cloud credits for computing processing power.

iexclusivenews reports that the program will focus on Web3 companies in the early stages of funding. With collaborators such as Aptos, Celo, Near, Solana. And Hedera Hashgraph offering up to $1 million in token rewards per firm.

The program targets companies that aim to leverage blockchain technology to develop innovative products or services for consumers and businesses.

Google Cloud recognizes the potential for blockchain to revolutionize various industries and is committed to supporting startups that are at the forefront of this transformation.

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James Tromans, Head of Web3 Engineering at Google Cloud. Stated that the company views the current state of blockchain technology as similar to the rise of open-source and the internet in the past decade.

With blockchain yielding new innovations and value creation. Google Cloud aims to provide resources and support to startups without creating technical debt that could hinder their growth.

What You Should Know 

Participants in the Google Cloud Startup Program for blockchain companies will have access to Google Cloud storage. The company’s blockchain node engine, mentors, and other resources to help them succeed.

By collaborating with Aptos, Celo, Near, Solana, and Hedera Hashgraph. Google Cloud hopes to provide a supportive ecosystem for these startups.

In addition to the grants and credits provided by Google Cloud, participants in the program will have priority access to the Coinbase Base Ecosystem Fund.

The fund is dedicated to supporting projects built on Base, Coinbase’s newly launched blockchain network that is interoperable with Ethereum.

Overall, Google’s expansion of its Startup Program to blockchain companies reflects its commitment to innovation and the potential of blockchain technology.

By providing support and resources to early-stage startups. Google Cloud hopes to help build a thriving blockchain ecosystem and drive the growth of Web3 companies.