Stone Ridge, the parent company of Bitcoin company NYDIG, has launched In Wolf’s Clothing, the first startup accelerator focused on the Bitcoin Lightning Network and the Taro protocol (Wolf).
The accelerator consists of 8-week programs in which the best founders and startup teams from around the world are brought to New York City and their lodging and travel expenses are covered.
Teams that apply and are accepted into the program will receive a $250,000 guaranteed investment. A panel of judges will select one team to receive an additional $500,000 in funding during the demonstration day at the end of each program.
The programs will take place four times a year, with the first one now accepting applications and set to begin in April of next year.
Wolf CEO Kelly Brewster highlighted one-on-one mentorships and access to a variety of specialists as additional program benefits.
Working alongside experts from Wolf, Stone Ridge, NYDIG, and other organizations, founders will receive funding, one-on-one mentoring, and access to experts in Bitcoin, cryptography, regulation, engineering, branding, marketing, sales, and other fields.