NEM Ventures, a venture capital and investment arm of the NEM blockchain ecosystem, has launched its NEM Ignite Incubator Programme to provide mentoring and financial support for early-stage blockchain projects.
NEM Ignite will help cultivate the growth of meaningful ideas into viable companies that enhance the NEM ecosystem and technology adoption. NEM Ventures will assist incubatees by fostering connections between cohort participants, prominent partners and industry professionals, while helping founders develop their objectives, plans and technology to execute on their vision. Acceptance into the programme includes moderate financial assistance in the form of investment to help participants get started with pre-seed funding.
Participants in the NEM Ignite will have access to mentors who provide assistance throughout the virtual incubation process in order to prepare them for market entry, business planning and investment rounds. The programme also provides marketing, public relations and social media support across NEM ecosystem channels, and participants may be given direct access to the development teams or other trusted technical partners that build the NEM blockchain and supporting projects. The intention is for all cohorts to be delivered virtually, with multi-lingual mentors which enables the relatively small NEM Ventures team to provide support to participants from diverse geographical locations.