BRI Ventures, Tokocrypto launch first 🇮🇩 blockchain accelerator

BRI Ventures’ accelerator program Sembrani Wira and crypto exchange platform Tokocrypto, through Toko Launchpad, have launched the first blockchain-focused accelerator in Indonesia.

Nicko Widjaja, CEO of BRI Ventures / Photo credit: BRI Ventures

Called Tokocrypto Sembrani Blockchain Accelerator (TSBA), the joint initiative targets post-seed startups working on blockchain and tokenization technology. Potential participants should be involved in fields like centralized or decentralized finance, impact projects, play-to-earn systems, or anything related to non-fungible tokens (NFTs).

The accelerator program will kick off on February 21 and will feature local and global mentors. Successful applicants will learn about team culture development, fundraising, blockchain development, advisory listing, and tokenomics. They can also get partnership and investment opportunities from BRI Ventures, Tokocrypto, and their affiliates.

“We hope that this collaboration can be an accelerator of various Web3 initiatives and metaverse development for every stakeholder to learn together,” said Nicko Widjaja, CEO of BRI Ventures.

See also: How BRI went from late adopter to frontrunner in Indonesia’s tech scene

BRI Ventures is the corporate venture arm of state-owned Bank Rakyat Indonesia.

Simbrani Wira has already accelerated 12 startups since it started last year. Toko Launchpad has also been launching blockchain projects since 2021, providing advisory on topics such as design, development, and implementation.

Applications for TSBA are open until February 10. Successful applicants will be announced on February 14.