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XRPL Accelerator

14 August 2023 to 3 November 2023 Deadline: June 25th, 2023
Singapore

XRPL Accelerator is a 12-week program to support entrepreneurs building on the XRP Ledger.

XRPL Accelerator equips early-stage teams with all the skills, benefits, and resources needed to fast-track their scaling efforts.

Throughout the program, each team will build a refined, validated, and actionable strategic blueprint to achieve commercial success and attain mass adoption. We close out the program with a demo day and the opportunity to pitch for venture funding, as well as attend Singapore FinTech Festival.

Explore more cohorts here.

Deadline: 25th of June, 2023.

What
XRPL Accelerator is a 12-week program to support entrepreneurs building on the XRP Ledger
When
Applications are open until the 25th of June. The program runs from 14 August to 3 November 2023
Where
Remote & on-site demo week in Singapore

Benefits

Program grant

Receive up to $100,000 USD of grants (No equity).

Industry-leading mentorship

Gain valuable insights working with mentors and subject-matter experts.

Tailored program curriculum

Access to masterclasses, 1:1 strategy sprints, and pitch coaching.

Exposure & networking

Connect with ecosystem partners and potential investors, and get the chance to attend APEX Developer Summit.

Some of our success stories

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Focus topics

XRP Ledger

The XRP Ledger (XRPL) is a decentralized, public blockchain led by a global developer community.

It’s fast, energy efficient, and reliable. With ease of development, low transaction costs, and a knowledgeable community, it provides developers with a strong open-source foundation for executing on the most demanding projects—without hurting the environment.

More cohorts of XRPL Accelerator are coming, supported by a number of program partners. To learn more, visit here.

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What we'll cover

Each Masterclass has a main focus, but will also cover other important topics for your development.

Phase One

Exploration (6 weeks)

Teams focus on developing individual goals. Taking a broader, user-centric perspective, teams form hypotheses on entry barriers, market needs, and monetization.
Phase Two

Validation (6 weeks)

Teams focus on building a refined, validated, attainable strategy blueprint. Hypotheses shaped during the first phase are translated into actionable business and product requirements.

Requirements

Founding team

Strong, technical founding team that leverages (or plans to leverage) XRPL to build awesome products

MVP ready

Developed at least an MVP – the more user adoption and validation you already see the better

Validated problem

Product meets a clear pain point and sees large market potential

Vision

Bold, visionary entrepreneurs with the goal to build a scalable, growing business

The startups

Meet
the team

Jonas Thürig

Jonas Thürig

Head of Asia

Meet
your partners

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Have questions?

Reach out to our team

Katrina Bernardo

Katrina Bernardo

Scouting Lead

FAQ

Who can apply for the XRPL Accelerator - Launch Program?

Submitting an application requires you to be at least 18 years of age and not a citizen of, or located in, a country or territory on an OFAC Sanctions List. To benefit meaningfully from the program, you should at least have an MVP that can capture sufficient market demand. Ideally, you’re part of a technical founding team, have developed a strong product, and demonstrate entrepreneurial drive.



Where can I learn more about the XRP Ledger?

For more information and a broad range of resources, incl. reference docs, visit XRPL.org. The XRP Ledger is always online and entirely public. Anyone can access it directly from a web browser; find a number of source code examples and tutorials here. We also recommend the free Intro to the XRPL and Code with the XRPL courses. A great way to engage with the XRPL community is joining the Discord channel. There are many ways to interact with the XRP Ledger, incl. client libraries (SDKs) in JavaScript, Python, and Java. There are also APIs available over HTTP (JSON-RPC) and WebSockets. Previous XRPL experience is highly encouraged when joining the accelerator. An understanding of the ledger and the technical ability to execute your project by the core team are critical elements in our assessment.


Do I have to have a company in order to receive funding from the XRPL Accelerator - Launch Program?

Not necessarily. We will, on a case-by-case basis, consider applications submitted by small teams pre-incorporation. Potential venture funding after concluding the program, however, is only accessible to incorporated entities and not individuals.

Is venture funding/funding for equity part of the XRPL Accelerator - Launch Program?

Not by default. We understand each startup has a unique growth path, need for funding, and commercial potential. When concluding the program, early-stage investors, incl. Ripple, assess each startup individually for a fair valuation based on funding requirements. Finishing the program does not guarantee an investment offer. If an investment offer is extended to your team, it is up to you whether or not to accept the term sheet/conditions; joining the program entails in no way any commitment to give away equity. Startups can join the program irrespective of when/how/if they plan to raise funds. Your fundraising objectives play no role in evaluating your application; we evaluate based on product, team, traction, and scalability.


Based on what criteria are applications to the XRPL Accelerator - Launch Program?

We accept teams that are building on XRPL and have at least an MVP or a roadmap to launch one. Further, evaluations will be based on whether your team has strong technical foundations and is devoted to the project. Your team should have a strong hypothesis on its market validation and there should be sufficient market opportunity. In evaluating your application, we take a balanced, holistic approach, and blend quantitative with qualitative factors. If you’re unsure about the readiness of your startup for the accelerator, please feel free to get in touch, or submit your application regardless as you may always reapply.

Can I reapply if a previous application was unsuccessful to the XRPL Accelerator - Launch Program

Yes, we strongly encourage you to do so. If you reapply, please emphasize the progress you accomplished since having submitted your previous, unsuccessful application.


What information will I need to provide in my application to the XRPL Accelerator - Launch Program?

Submitting an application should take no more than 15 minutes. We ask you to provide details about your product, traction, and organization. You can upload supporting materials, preferably a pitch deck. Please submit your GitHub repo and ensure it’s accessible to us for faster reviewing.

Can I apply if my team has previously been part of other XRPL or Tenity funding programs?

Yes, we strongly encourage recipients of other XRPL funding programs or Tenity programs to apply for the accelerator program. Whether your team benefited from other XRPL funding programs before will have no impact on how we evaluate your application; all we look at is your product, team, traction, and scalability.

Can I apply for a cohort outside of the region my team is based in?

Yes. We do, however, strongly encourage you to apply for a cohort that best suits your business interests and team setup. Mentor availability and curriculum delivery align with the timezone of the program location. Part of the program content is tailored to the respective region. Each cohort features an on-site demo week at the end of the program; we strongly encourage each participating team to make use of this opportunity. We aim to align the on-site demo week with a global blockchain conference in the respective location.


Is being on-site a requirement for participating in the program?

No, the default format of the program is hybrid and predominantly virtual. You are welcome to join us on-site at all times, but if you’re unable to travel, you can still access all benefits the program offers. Each cohort features an on-site demo week at the end of the program; we strongly encourage each participating team to make use of this opportunity. We aim to align the on-site demo week with a global blockchain conference in the respective location.


Who runs the operations of the XRPL Accelerator - Launch Program?

The XRPL Accelerator program is offered by Ripple Labs Inc. (“Ripple”) and its subsidiaries and affiliated companies.


Does participating in the XRPL Accelerator - Launch Program mean my organization becomes directly affiliated with Ripple?

No, solely participating in the program does not by default make you an affiliate of Ripple and its subsidiaries and affiliated companies. The terms for participating do not alter the terms or conditions of any other agreement you may have with Ripple.


When will my team receive the $50,000 USD XRPL Accelerator - Launch Program award?

The award amount you request should be determined by the scope of work that you wish to complete using your grant. Your application must contain milestones/scope of work and a budget breakdown detailing how you intend to spend any awarded funds. Your budget should include estimates for conversion rates and taxes.


Are there any conditions attached to the XRPL Accelerator - Launch Program award?

No, the award can essentially be seen as a grant and is to support your team throughout participating in the program. The program award requires no equity or commitments from you in return. Each recipient is responsible for determining possible tax implications of receiving such grants, which depend on your respective jurisdiction. A small, capped portion of no more than $10,000 USD is earmarked for program-related expenses and services your team will benefit from, such as legal advisory (favorable terms & rates) or mentoring.

What time commitment should my team expect from participating in the program?

This primarily depends on your individual goals and what your team aims to get out of the program. Pre-scheduled, fixed program elements will not exceed 3h per week, but you are strongly encouraged to engage with mentors, experts, and other program content as much as possible.


Where can I find the terms & conditions for the XRPL Accelerator - Launch Program?

Terms & conditions can be viewed here.