On April 6th, Future3 Campus, jointly launched by Wanxiang Blockchain Laboratory and HashKey Group, officially started the "Pharos Incubator" in collaboration with Pharos Network. This incubation program will focus on supporting high-quality projects within the Pharos Network ecosystem, helping projects develop rapidly through a 9-month entrepreneurial incubation. This incubation program will select no more than 15 high-potential projects, and selected teams will have the opportunity to receive investment and resource support from the 20 million USD Pharos ecosystem fund. The recruitment channel is now open, and registration will close on May 11th.
The Pharos Incubator recruitment focuses on the following tracks:
RWA and payment tracks, such as institutional-level RWA platforms, RWA-collateralized lending platforms, asset tokenization tools, payment protocols, etc.;
Decentralized finance tracks, such as DEX, Web3 wallets, lending protocols, etc.;
For questions raised by those interested in joining Pharos Incubator, we have systematically organized and unified answers:
Q: How does Pharos Incubator evaluate and screen projects?
The project evaluation criteria for this Pharos Incubator include but are not limited to:
Core team background
Innovation and leadership in technology and products
Sustainable business model and expandable market goals
Community incentives and ecosystem operational mechanisms
Q: What are the main arrangements during the Pharos Incubator incubation period?
Pharos Incubator's incubation services are divided into two phases:
First phase: A 3-month intensive incubation, including comprehensive entrepreneurship training, technical guidance for RWA/payment/decentralized finance, token economics consulting, market promotion strategies, and other customized one-on-one incubation services.
Second phase: After the 3-month intensive incubation, teams will enter a 6-month long-tail support and tracking phase, with the incubation program regularly tracking project development and providing continuous resource support.
Q: Will successfully admitted projects receive financial support?
The Pharos ecosystem fund will invest in outstanding projects from the incubation. Pharos has previously established a 20 million USD ecosystem fund, part of which will be specifically used to support this incubation program.
Q: Which countries and regions does Pharos Incubator target?
Is remote participation accepted?
This incubation program accepts project applications from around the world, but the 3-month intensive incubation phase will be offline events requiring team members to be present on-site, and remote participation is not accepted.
Q: How will I know if my project is selected?
After passing the initial screening, applicants will receive an interview invitation, and final selection will be based on interview results. Regardless of selection, all results will be notified via official email (contact@future3.io).
Q: Will there be any fees after being selected for Pharos Incubator?
Pharos Incubator will collect a certain percentage of equity or equivalent from admitted teams.
