Blockchain Founders Group launches the fourth edition of its web3 startup incubation program “BFG Superstars”

Blockchain Founders Group
5 min readJun 26, 2023

by Jong-Chan Chung

TL;DR

  • BFG Superstars is the incubation program of Blockchain Founders Group (BFG) looking to unlock the potential of web3 with entrepreneurial talents
  • We finance selected startups with up to €70,000 for equity, no fees involved, 100% remote
  • During the program, you will receive monthly compensation of €2,000
  • The program lasts 3 months and starts on September 4, 2023 with final pitches on December 14 and 15, 2023
  • The application period ends on August 12, 2023
  • Focus areas: web3, DeFi, NFTs, Bitcoin Lightning, Privacy and Identity, Metaverse, DAOs and Governance, On-Chain Analytics and Forensics, ESG and Blockchain, Crypto Management, Data Monetization, GameFi, and Financial Inclusion, Artificial Intelligence
  • You will be invited to our yearly networking event BFG Portfolio Day in Germany
  • Those interested can apply HERE
  • Do you have an early MVP? Then you might want to take a look at our 6-weeks accelerator program BFG Adrenaline to secure up to €100,000. Deadline is September 30, 2023: https://blockchain-founders.io/adrenaline

Why should you apply for Season 4?

Blockchain Founders Group is opening its gate to the BFG Superstars program for every web3 enthusiast and entrepreneur globally. For the upcoming season 4, BFG will select 50 high-potential candidates to be onboarded to the 3 months-long incubation program. The future founders are then vaulted into launching their startups with the full backing of the Blockchain Founders Group providing its mentorship, advisory network, company-building best practices, public presence, and the conviction of making you and your startup a Superstar. Finally, 6–8 startups are selected to receive the final pre-seed funding of up to €70,000 and to be introduced to high-profile investors’ network.

The program offers everything from finding the right co-founder to expert workshops and exclusive Q&A sessions with leaders in the blockchain and venture capital industry. Topics such as customer development, community building in web3, protocol grants, pitch deck optimization, legal entity foundation, growth hacks, and much more are covered with the opportunity to directly implement the learnings for your startup — we take “learning by doing” to the next level.

Focus Areas of Season 4

The decentralized web, commonly referred to as web3 or the next-generation internet, has the power to completely alter how we use the internet and manage wealth. Web3 is decentralized and runs on a network of computers rather than a single server, in contrast to the present web, which is mostly centralized and managed by a small number of large tech companies. This indicates that compared to the present web, web3 has the potential to be safer, more private, and more open.

The Blockchain Founders Group is especially keen on developing businesses around the following non-exhaustive list of key verticals in the web3 space against the backdrop of trends and potential analyses:

  • Decentralized Finance (DeFi)
  • Bitcoin Lightning
  • Metaverse, GameFi, and NFTs
  • Privacy and Identity in Web3
  • DAOs and Governance
  • On-chain Analytics and Forensics
  • The intersection between ESG and Blockchain Technology
  • Crypto Management and Infrastructure
  • Data Monetization
  • Decentralized Social Networks
  • Creator Economy
  • Financial Inclusion
  • Artificial Intelligence

Who are we looking for?

We are looking for entrepreneurial mindsets with a passion for blockchain technology. This could be someone who already has experience with web3 projects or someone who wants to make the jump from web2 to web3 with really any kind of background. What is more, you don’t even need an idea or a team to participate. We will hold ideation workshops in the first phase, and we have some ideas ourselves that we find worth pursuing. Given that we are seeing 1000+ pitch decks per year, we know where the trends are headed and what works/does not work. Also, you will have plenty of chances to meet your perfect-fit co-founder within our program.

Figure 1: Ideal founder profile for BFG Superstars

With that being said, in terms of the ideal founder profile, we do have a preference for entrepreneurs willing to prioritize the venture over different opportunities outside the program. We also prefer founders with a “hustler” mentality. For instance, if your first reaction to required outreach and marketing efforts is to say “let’s outsource it”, then this is a questionable approach, especially at such an early stage. Lastly, we observe that a founder-market fit is conducive to boosting a startup’s success chances. When a founder has extensive work experience and insider knowledge in the cross-border payments industry, then working on a venture built around stablecoins can make a lot of sense. This is not to say that industry pivots will fail but it takes time to build expertise and achieve expert status.

What is the track record of the BFG?

The Blockchain Founders Group (BFG) is a company builder and venture capital firm that has built and funded more than 50 blockchain startups in recent years giving our firm a solid track record.

With our proven approach, we aim to turn your idea into reality within 2–3 months. We have already proven that our approach works when we successfully founded several startups in the previous seasons of BFG Superstars: meCash, Clamp, Particula, Me Protocol, AddZest, Digitalsocial.id, and more. You can read more about our investments and track record here.

Figure 2: Track record of Blockchain Founders Group

You still have questions about the program and the application process?

Wondering whether the BFG Superstars Program is a good fit for you? Have questions about the program outline, roadmap, or amount of commitment?

Join one of the AMA sessions with Max Zheng, Head of BFG Superstars. This is the perfect opportunity to help you get started with the application process. The AMA sessions will be held on Zoom, and live-streamed YouTube on these dates:

  • July 24, 11 AM (CEST)
  • August 8, 11 AM (CEST

Register here: https://www.eventbrite.de/e/ama-bfg-superstars-s4-tickets-650544063807

About Blockchain Founders Group

Blockchain Founders Group (BFG) is the driving force behind web3 innovation. As a company builder, we bring together a team of blockchain visionaries, experienced entrepreneurs, and industry experts, all committed to nurturing emerging talent. Our BFG acceleration programs serve as your springboard for launching blockchain startups, transforming concepts into reality in just 2–3 months. Each cohort develops 5–8 unique web3 ideas, and selected projects will be financially supported with 70,000–100,000 EUR, along with access to our extensive network. Join us in shaping the future of web3!

Stay updated by connecting with us on LinkedIn, Medium, Twitter, and YouTube.

Contact: Max Zheng, Head of Corporate Development & BFG Superstars Program, max.zheng@blockchain-founders.io

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Blockchain Founders Group

Blockchain Founders Group is a company builder specializing in building early-stage web3 startups through a comprehensive incubation and acceleration program.