‍Can school be innovated? This $10M accelerator by NewCampus, Open Campus (yes, they’re different), and Animoca Brands might just make learning more interesting. 

The accelerator is targeting edtechs who want to bring their companies right into Web3. 

• What startups get. ‘Alternative capital, resources, cross-collaboration, and exposure’!
• Grow your company using the Open Campus protocol and its native currency, the $EDU token. More on that below.

Watch out. They’re targeting to kick off their first cohort this September. Selected startups will be part of a 6-week program. Oh, and they get 6 months of follow-up support. 

• Scoop: Their current applicant pool includes companies with revenues ranging from $250K to $750K, operating for 3 to 5 years. 

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📂 Ready to accelerate

According to Will Fan, CEO and Head of School at NewCampus, the accelerator will focus on a “hybrid mix of non-equity revenue-based financing and debt financing”.

• Don’t miss it! They’re going to launch a growth fund in the near future. 

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💻 About NewCampus 

They’re an online, live learning platform that serves hypergrowth companies in SEA. 

• In simple terms. They help companies scale by upskilling managers, offering strategic partnerships, and providing alternative financing models. 
• They raised a $2.5M seed led by Juvo Ventures’ Maia Sharpley in 2021. 

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🎮 About Animoca Brands

This Hong Kong-based game software company develops traditional and blockchain games. 

• But they also invest in some Web3 companies like Polygon, The Sandbox, and DeRoad!

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💲About Open Campus 

They’re a community-led education protocol that uses blockchain technology to help educators and creators monetize their content. 

• They use the $EDU token to power their platform. 

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🧑‍🏫 What’s the connection? 

If you’re thinking that this collaboration happened on a whim…it didn’t. Here’s why. 

On May, Animoca Brands joined the $10M Global Educators Fund set up by Open Campus.

• Similarly, NewCampus also joined the $650M Open Campus Foundation as Strategic Partner through the OC Alliance.

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This accelerator didn’t just come out of the blue, but it’s certainly interesting to see where the next months will take us (and edtech). 

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We edited this article to reflect some comments from Will Fann, CEO and Head of School at NewCampus.