TZ APAC’s Second Fortify Labs Cohort to Elevate Web3 Growth
TZ APAC, a prominent blockchain adoption platform backing the Tezos ecosystem, has unveiled the second cohort of the startup studio Fortify Labs. The announcement of the 2nd Fortify Labs cohort delivers a personalized Web3 venture studio experience. The project offers minor cohort sizes as well as personalized and high-quality backing for entrepreneurs.
As per TZ APAC, the 2nd Fortify Labs cohort offers remarkable support for Web3 ventures to empower developers on Etherlink or Tezos. The projects that the cohort inducts include Predictwise, Lilypad, Bluwhale, and more. The initial cohort, which took place last year, delivered many noteworthy success stories.
Questflow in this respect, obtained a massive 156x spike in per-month active consumers along with a more than 500% revenue growth. Additionally, this year, the projects selected for the cohort will get thorough support over a remote program of 7 months. Apart from that, 3 in-person sessions will be hosted in the Singapore-based headquarters of TZ APAC.
Every Venture to Get Substantial Support, Visibility, and Investment
Every venture will get a mentor to assist in the zones like go-to-market, strategy, and fundraising. The Fortify Labs team will additionally deliver marketing backing to enhance the visibility of the ventures for a vibrant community. Moreover, the founders will also get technical expertise to refine products before bringing them to the market.
According to TZ APAC, it will get a grant of up to $10,000 upon the completion of a milestone. Furthermore, every project will also get an investment of almost $200,000 as an additional amount. This will be based on several factors like volume, active users, community engagement, and revenue growth. After a thorough selection procedure, the top-selected teams will obtain noteworthy support for profitability.