X Ventures and Agora announced the launch of the X Competition, giving blockchain startups the chance to win up to $2 million in funding, a business strategy workshop with renowned experts in Berlin, and exposure to over 50 venture capitalists at the Agora 9th Edition Global Blockchain Congress, an invitation-only blockchain conference in Dubai on February 21-22, 2022.
Dehnadi, one of X Ventures’ four partners, is “excited to partner with Agora to find, support, and celebrate changemakers who dare to challenge the status quo.” The X Competition, whose application deadline is February 7, is an online and on-stage pitch event aimed at global blockchain startups.
“Within 5 phases, we aim to find the most promising teams and prepare them for future success,” Dehnadi said.
The top 10 pitched projects will pitch during the online finals and compete for 5 VIP team tickets to the Global Blockchain Congress by Agora.
The winner will also receive a free trip to the Congress for the entire team and dozens of one-on-one meetings with venture capitalists. On the last day of the Congress, all five teams will be drilled on stage by a panel of experts, and the top 3 projects will be invited to a 3-day workshop in Berlin.
“At this point, you have attracted the interest of many investors, and you probably have a choice of whom to work with,” claimed Dehnadi.
The training is tailored to each of the projects and covers topics such as scaling companies, building business models and value propositions, customer journey mapping, fundraising, and pitching, but is not limited to these.
X Ventures is a brand-new German venture studio fund focused on blockchain-based projects and strongly supporting the idea of decentralization of power and decision-making. X Ventures is a merger between 3 successful venture funds (Eazy Ventures, MMM Capital, Mikado Capital).
Agora is headquartered in the UAE, with regional offices in the Middle East. Agora is committed to facilitating the access of international companies to Arab and African markets and funds through multiple platforms that allow direct connection to corporate buyers and investors from these regions.