Coinsilium Group Limited's (AQSE:COIN, OTCQB:CINGF) said the first Web3 Start-Up Pitch Day will be on 30 July in collaboration with Liteflow.
The event is part of a strategic collaboration agreement to support Web3 projects with dedicated seed funding.
Earlier this month, Coinsilium and Liteflow signed a Memorandum of Understanding as a first step in a planned long-term strategic collaboration agreement, with an initial campaign launched in tandem, offering pre-selected start-up projects access to US$ 1 million in dedicated seed project funding.
This initiative forms part of a programme to identify and support the next generation of leading Web3 projects.
The following projects have been selected for the first pitch session: OpenCloset.ai, Astra Nova, Qudo, Shockwaves, and Cyrator. These projects will pitch via a private video conferencing session and may receive seed investment and advisory services.
Eddy Travia, chief executive at Coinsilium, said: “It is exciting to see this initiative with our partners at Liteflow coming to life so quickly and we have been very impressed by the level of interest from Web3 projects and by the quality of some of the applications we have received."
Coinsilium and Liteflow plan to hold Pitch Day sessions monthly throughout 2024.