Qualified projects will be able to pitch their products to prominent VCs after the 10-week accelerator.
Community Labs, a company specializing in Web3 software development, is set to launch a 10-week incubator program called AO Ventures, focusing on the Arweave (AR) ecosystem, with an initial investment of $35 million.
The program, scheduled to begin on April 23, aims to support projects within the decentralized storage network by providing access to funding, mentorship, and technical workshops.
This initiative is backed by venture capitalists such as Factor, Distributed Global, among others. It offers selected Web3 entrepreneurs the opportunity to engage with industry veterans and potentially pitch their projects to prominent VCs after the program concludes.
