SuiHub draws more than 630 applications from 152 countries for Web3 accelerator

SuiHub said it has received over 630 applications for its Web3 global accelerator program, which is about to start its first class.

This represents one of the largest intakes ever recorded for an ecosystem-specific accelerator program, the company said.

SuiHub’s accelerator program attracted interest from over 13,000 individuals from 152 countries and 2,452 cities. This level of enthusiasm highlights the momentum within the Sui ecosystem and the widespread appeal of the SuiHub initiative, the company said.

Kristof Lukovich, CEO of SuiHub, said in a statement, “The immense interest in the SuiHub Accelerator Program underscores the strength of the Sui ecosystem and its appeal to builders worldwide. We are incredibly excited to work with the inaugural cohort and help them unlock the full potential of the Sui blockchain to address real-world challenges.”

With an acceptance rate of just around 1.3%, the inaugural cohort of the SuiHub Accelerator is set to feature some of the most innovative and promising startups in the Web3 space.

“The 630+ applicants is a testament to the strength of the SuiHub offering and the momentum within the Sui ecosystem,” said Scott Keto, president at CoinList, in a statement. “With an acceptance rate of just 1.3% and many quality applicants to choose from, the first cohort of the accelerator looks incredibly promising. We look forward to supporting this next generation of builders on Sui.”

The SuiHub Accelerator, run in partnership with Brinc, CoinList, Ghaf Group, and the Sui Foundation, provides up to $200,000 in milestone-based funding per team, technical support, and access to global marketing channels. Its mission is to empower pre-token projects and entrepreneurs building sustainable business models on the Sui blockchain.

“Backed by Sui’s lightning-fast and scalable network, these projects have immense potential to continue to grow the Sui ecosystem.” said Kostas Chalkias, cofounder of Sui, in a statement.

SuiHub is a premier blockchain innovation hub specializing in ecosystem development and offering both acceleration and youth programs. Powered by the SUI Network, SuiHub offers cutting-edge resources and expertise to enable startups and enterprises to harness the full potential of blockchain technology. With a global footprint and a deep commitment to fostering innovation, SuiHub bridges the gap between visionary ideas and real-world impact.

“The response to the SuiHub Dubai Accelerator from the community, developers, entrepreneurs, and users has been incredible. The extraordinary volume of qualified submissions reflects the talent that makes the Sui ecosystem a thriving, innovative network,” said Henrik Johansson, head of community at Sui Foundation, in a statement.

The first cohort of the SuiHub Accelerator is scheduled to commence shortly, with selected teams gaining direct access to the Sui Solutions Engineering team, expert advisory on token design and distribution mechanisms, and growth marketing support.

“The exceptional caliber and overwhelming number of SuiHub accelerator applications demonstrate both the rapid growth of the Sui ecosystem and the strength of our partners,” said Bashar Aboudaoud, COO of Brinc, in a statement. “The program is quickly establishing itself as one of the best in the Web3 space, and I am very excited to see the progress of the startups that enter it.”

As SuiHub continues to foster innovation and collaboration, this inaugural cohort is poised to set the stage for further advancements in Web3 and accelerate Sui’s mission of onboarding the next billion users to the blockchain.

“At Ghaf Group, we are thrilled to support Sui’s growth in the Middle East and beyond. This program is more than just an accelerator, it’s a launchpad for the next wave of innovation in Web3 and will have a positive effect in further strengthening the regional ecosystem through new global connections,” said Feras Al Sadek at Ghaf Group in a statement.

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language (first created at Meta), enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences.