The Sella Group has launched the Metaverse 4 Finance Accelerator, a program aimed at identifying and support growth of startups in the metaverse sector.
According to The Paypers, the programme is fostered by dpixel – Sella’s venture incubator – in partnership with OGR Torino.
The publication underlined that the acceleration programme was born with the ultimate goal of ‘bring benefits to people during their approach and adoption of the metaverse’, proposing solutions able to anticipate and guide the development of the same.
Metaverse 4 Finance Accelerator will aim at domestic and international startups able to forge disruptive innovations on the market through tech applied to metaverse finance. Requirements for a startup involve a defined core team, a clear value proposition, a prototype ready for market launch within less than a year and a technology readiness level greater than or equal to 6.
The Accelerator will run for up to six months and involve four phases. The first is a phase of scouting and selection entailing the evaluation and selection of the most suitable startups, followed by a second step of business acceleration to support the business plan and identify the ten best startups.
Following this, the technical validation phase of the products will come next for the 5 finalist startups – who will receive €100,000 in funding each – before moving on to ‘matchmaking’ which explores the opportunity of integrating the developed innovations within the processes of companies operating in the sector.
A report earlier this year by Citi has predicted that the fledgling Metaverse economy could be worth $13trn by 2030.
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