Business News Report
May 11, 2023

NEAR Foundation and Outlier Ventures Team Up to Launch NEAR Base Camp Accelerator Program

In Brief

The NEAR Base Camp is a virtual web3 accelerator program.

It is NEAR Foundation’s first dedicated accelerator program, supporting startups building on NEAR.

The 12-week accelerator program provides participants with mentorship, education and up to $100,000 in funding.

NEAR Foundation and Outlier Ventures Team Up to Launch NEAR Base Camp Accelerator Program

NEAR Foundation, the Swiss-based non-profit organization behind the NEAR Protocol, is joining forces with Outlier Ventures to launch the NEAR Base Camp Accelerator Program. 

The first dedicated accelerator program by the NEAR Foundation is aimed at nurturing early-stage web3 startups focused on building sustainable web3 solutions on NEAR and leveraging NEAR Discovery, a newly launched project that allows users to access dApps across multiple blockchains.

In particular, the accelerator program will support promising early-stage startups building projects with real-world, utility-based use cases that attract web2 users and companies while leveraging Web3 in new ways to boost the web3 experience.

Over the course of 12 weeks, this virtual web3 accelerator program will provide participants with mentorship, education, and funding of up to $100,000. Selected participants will also have the option to apply for a $20,000 service credits package offered by NEAR Horizon, the NEAR Foundation’s startup support platform for Web3 enterprises to cover the costs of marketing, legal, back-office finance, product and infrastructure.

“Now more than ever, we need to be supporting founders and helping them scale their business.  Following NEAR’s momentum with developers and their focus on ease of use and frictionless apps, we are thrilled to be partnering on the NEAR Base Camp accelerator program. Outlier Ventures brings unrivaled knowledge and expertise through our team and network, and so together, this program will help bring a unique experience to founders,”  Jamie Burke, Founder and CEO of Outlier Ventures, said in a statement.

Besides financial support, NEAR and Outlier Venture’s teams of in-house experts will offer their expertise on the product roadmap, community building, token economy and launches, fundraising and pitching, governance and legal support, along with support from industry-leading mentors. 

Outlier Ventures has been creating accelerator programs to support web3 projects since 2019. With a portfolio of over 220 startups from around the world, notable alumni include DIAData, Boson Protocol, Auroboros, Fetch.AI, and Ocean Protocol, among others, which have collectively raised over US$350m in seed capital.

Applications for the NEAR Base Camp accelerator program open May 11. The 12-week program will commence in mid-July 2023. Founders can apply for the accelerator program via the application page on Outlier Ventures’ website.

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About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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