According to Foresight News, CDP Venture Capital has launched a €7 million accelerator program, Frontech Accelerator, with a focus on cutting-edge technologies. These technologies include those that can facilitate digital transformation, such as digital identity, intellectual property certification, artificial intelligence model generation, gaming, AR/VR, and digital art.
Over the next three years, the program will select 10 seed and early-stage start-ups each year. Each selected start-up will receive an initial investment of €120,000 and a six-month plan to strengthen their business proposal.
Algorand will provide guidance to the selected start-ups throughout the duration of the program.