Fabric Ventures and Wintermute launched a London-based accelerator program Wednesday offering $300,000 in funding to Solana blockchain founders. The initiative targets early-stage projects building on the Solana network. It's a direct move in the crowded race for developer talent.
Funding Details
The program allocates $300,000 total to selected founders. Each recipient gets support for development work. The firms didn't specify how many teams will share the pool. Applications opened immediately after launch. Founders must be building on Solana to qualify.
London Operations
The accelerator is based in London. It will run from the city's financial district. This is Fabric Ventures' first standalone program in Europe. Wintermute's London office will provide trading expertise. The location makes sense for European founders.
Solana-Only Focus
Only Solana blockchain founders can join. The program won't fund projects on other networks. It targets teams building infrastructure or applications. The firms want to strengthen Solana's ecosystem. This isn't their first Solana bet.
Next Steps
The first cohort will be selected by July 15. The firms haven't announced mentors yet. Applications close June 28. Founders can apply through the program's website now. The timing isn't great with summer holidays coming.
