Futureverse and Outlier Ventures Announce Base Camp Accelerator Program
In collaboration with Outlier Ventures, applications for the Futureverse Base Camp Accelerator are now open until early December 2023, with the program aiming to support metaverse startups building on The Root Network.
Outlier Ventures and Futureverse have teamed up to launch the Base Camp accelerator program in an effort to support metaverse and AI startups.
The program is particularly aimed at helping out early-stage companies building projects on The Root Network, which is a decentralized blockchain network designed specifically for creating metaverse experiences and apps. Teams that get accepted into this 12-week virtual program will receive $100k in funding alongside mentorship and education, including support in token design, marketing, fundraising, and more.
Startups developing metaverse-based apps, games or experiences on The Root Network have until early December this year to apply, after which the program will start for accepted teams in the middle of January next year.
While the number of startups they’re looking to accept into the program doesn’t seem to be stated, what is however known is that the $100k stipend that each startup will be given is made possible by Born Ready, a new $50 million venture fund launched by the cofounders of Futureverse, Aaron McDonald and Shara Senderoff, who revealed in an interview with GamesBeat that Born Ready will be providing the financing for the startups accepted into the program. Next to offering up to $100k stipend, the official page reveals that teams may also be subject for up to $200k in follow-up investment.
The CEO of Outlier Ventures, Jamie Burke, said the following in a statement, as reported by GamesBeat:
“Futureverse has created what we believe to be foundational building blocks and brand partnerships for the open metaverse at scale, to drive mass adoption. From the early stages of working with them, we have invested in multiple layers of their stack and IP, as they simultaneously partnered with a growing number of portfolio companies coming out of our accelerator, deepening the partnership at each stage. We are now thrilled to run a dedicated accelerator with Futureverse to onboard more founders and creators into their ecosystem.”
More details on the program and the option to apply for the accelerator can be found in the official page here.