Draper University Partners With VeChain to Train Web 3 Founders

The broader Draper Network of investment funds was an early backer of the blockchain platform for supply chain and business process management.

AccessTimeIconMar 22, 2022 at 12:00 p.m. UTC
Updated May 11, 2023 at 6:00 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Draper University, a training center for entrepreneurs founded by billionaire venture capitalist and early crypto adopter Tim Draper, has partnered with blockchain application platform VeChain to launch new programs for those interested in starting and scaling Web 3 businesses.

The four-week VeChain Fellowship certificate program includes entrepreneurship and blockchain fundamentals to help attendees launch their own Web 3 startup powered by the VeChain Thor public blockchain. Draper University will then select about a dozen members of the fellowship program to continue on through the VeChain Web 3 Accelerator, where each participant will receive $100,000 in funding in exchange for a 5% equity stake in their startup.

  • What Challenges Do Appchains Solve?
    00:59
    What Challenges Do Appchains Solve?
  • Appchain Protocol Tanssi Raises $6M
    18:57
    Appchain Protocol Tanssi Raises $6M
  • Breaking Down Internet Computer's 40% Rally
    00:59
    Breaking Down Internet Computer's 40% Rally
  • HSBC Brings Tokenized Gold to Hong Kong; Munchables Exploited for $62M
    02:14
    HSBC Brings Tokenized Gold to Hong Kong; Munchables Exploited for $62M
  • Draper University previously held similar programs in partnership with blockchain innovation lab Tezos Israel and finance-focused blockchain Algorand. The broader Draper Network of investment funds was an early backer of VeChain, which is a blockchain platform for supply chain and business process management.

    Draper University CEO Asra Nadeem told CoinDesk in an interview that the center’s support doesn’t end on graduation day. A demo day held at the end of the program allows graduates to raise additional funding from outside investors. The graduates are also put in front of the roughly 18 global funds in the Draper Network for potential investment.

    On the operational side, Draper University introduces graduates to potential customers through the Draper Network. The organization can also provide hiring assistance to connect graduate companies with technical, sales and marketing talent, said Nadeem.

    The application period for the programs is now open. VeChain Fellowship program will run from April 18 through May 13, while the Accelerator will operate from July 11 to Sept. 7.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Brandy Betz

    Brandy covered crypto-related venture capital deals for CoinDesk.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.