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"Polygon Labs announced yesterday the launch of Village Startup Support as part of its Polygon Village 2.0 initiative, dedicated to fostering the development of Web3 startups. This program offers funding grants exceeding 110 million $MATIC, ongoing support for entrepreneurial ideas, and one-on-one operational strategy guidance.
Polygon Village 2.0 Launch
With the deployment of the Polygon 2.0 token POL contract on Ethereum completed, Polygon Labs has introduced the Polygon Village 2.0 initiative. This initiative aims to provide comprehensive and customized resource support to Web3 startups, meeting their needs at different stages of development and driving overall industry growth. Starting a new venture is challenging, and constructing one in the web3 space is even more challenging, making Polygon Village 2.0 particularly relevant.
The program primarily consists of three service components:
1. **Grant Application:**
The Village Grants program establishes a funding pool of up to 110 million $MATIC tokens, available for projects focusing on infrastructure development, DeFi, social or gaming applications, and more. The program offers various funding methods:
- Direct funding from the Polygon Foundation, primarily for developed later-stage projects, with each project eligible for a maximum of 2 million $MATIC.
- Quadratic Funding: Mainly for early-stage projects, two funding programs are currently available for application, each with specific requirements and evaluation criteria.
2. **Idea Incubation:**
Teams without entrepreneurial ideas can seek assistance from the Village BuildIdeas program, which collects carefully designed visionary plans from Polygon ecosystem participants, venture capitalists, and various experts. The program covers areas such as DeFi, NFTs, account abstraction, and e-commerce, offering a diverse range of opportunities. Polygon Labs emphasizes that teams selecting a project from the pre-prepared idea catalog will receive one-on-one expert strategy guidance and phased grants of 100,000 $MATIC to assist in their realization. However, if teams have their own ideas and plans, Polygon Labs also provides a proposal channel for applying for this grant once approved.
3. **Customized Comprehensive Support:**
In addition to funding grants, Polygon Village offers a tailor-made, all-encompassing support plan called Village Startup Support. Teams can seek one-on-one operational strategy guidance, opportunities to collaborate with renowned venture capitalists, participation in startup courses by Polygon ecosystem professionals, and more:
- Personal Guidance: One-on-one communication with experts to address team-specific needs, providing practical guidance and advice.
- Conversations with Polygon Labs: Dedicated meetings with Polygon Labs or Polygon Village team members for teams to ask questions, receive immediate feedback, and facilitate deep collaboration with the ecosystem.
- Discussions with Venture Capitalists: Opportunities to meet with well-known venture capitalists for financing advice.
- Startup Courses: Access to Web3 startup courses by Polygon ecosystem professionals, teaching key steps for startups to be mindful of in their early stages.
- Startup Network: Opportunities to participate in Village Builder House events and access shared workspaces worldwide, connecting with Builder networks globally.
Additionally, founders can apply for vouchers through the website to obtain substantial discounts on various services and benefits provided by large enterprises within the Polygon ecosystem or other entities such as Google Cloud or AWS. Support is readily available for infrastructure-related services such as security and smart contract audits, storage and computation solutions, oracle infrastructure, and tools related to DeFi, NFTs, and DAOs.
Polygon Village stated in the press release that it collaborates with startups at various stages, providing hands-on support for founders and teams throughout their entire lifecycle. Therefore, whether they are just starting or have already established a business in the ecosystem, Polygon Village can provide any resources they need for development." |
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Post time 16-11-2023 21:10:24