Originally published on: November 21, 2024
Exciting news for startups on the Sui blockchain! The SuiHub Global Accelerator Program has just been launched, offering up to $200,000 in grants along with technical and marketing support to teams with pre-token minimum viable products.
During the 12-week accelerator program, organizers are on the lookout for projects that can make a real impact and scale effectively using the Sui blockchain’s capabilities. Funding will be provided as teams achieve development milestones, and SuiHub will take a stake in the projects selected for the program.
SuiHub’s primary goal is to foster a community of Sui builders in the Middle East and North Africa region. This initiative is a partnership between Sui and the Ghaf Group, a Dubai-based private capital firm specializing in the Web3 space. Participants in the accelerator program will receive strategy support from Ghaf Studios for fundraising, marketing, and tokenomics.
Noteworthy partners joining the accelerator include Brinc, a venture capital and accelerator firm based in Hong Kong, providing valuable collaboration and business development assistance. In addition, leading token listing platform CoinList will conduct a token launch workshop and offer ongoing guidance to provide exposure to its extensive user base of 10 million.
If you’re interested in joining the program, the application deadline is approaching on December 20.
The Sui network, developed by Mysten Labs in May 2023, boasts high throughput and transaction speeds. By September 2024, it had garnered over 18.19 million active accounts and processed more than 4.58 billion transactions. Sui held the record for layer-1 blockchains with 65 million transactions in a single day until Aptos surpassed it with 115.4 million transactions in May.
Both Sui and Aptos leverage the Move programming language, originally designed for Meta’s Diem coin project and later open-sourced following Diem’s abandonment.
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