The Growth Stage DeFi Accelerator for Solana
What is Momentum?
Momentum is a DeFi focused growth-stage accelerator program designed to help post-product, pre-Series A teams gain traction and build "Momentum." Momentum will be 5 weeks, starting in mid-April and ending in-person in NYC the week of Solana Accelerate. Momentum will be a hyper focused program made up of a maximum of 7 strong Solana DeFi teams. Support will be tailored to specific needs of the cohort.
Target Stage
Projects that are near-mainnet (either close to launching or recently launched) but have not yet raised a Series A. The goal is to create a larger and more robust Solana DeFi ecosystem by supporting these growing projects and helping them reach escape velocity.
Earlier-stage Solana teams have strong alternative programs such as Colosseum, and post-Series A teams typically achieved product-market fit. Momentum aims to bridge the gap where teams often struggle to gain traction – and where Drift and partners are best positioned to add value
Example Teams
The list above is non-exhaustive.
Program Structure
The Momentum program will be designed to add value to the specific cohort. The structure and resources will be tailored based on the specific needs of the participating teams.
Working with partners we have identified possible key focus areas for support initiatives (non-exhaustive). Ultimately, the goal is to help teams using any and all of the resources at our disposal. Focus areas below.
Mentors
Key Areas of Support
Access & Advice
Leverage our partners' deep connections within the Solana ecosystem. Build relationships with the ecosystem through the cohort, mentors, partners and in person in NYC.
Go-to-Market
Have industry experts review and give advice on your GTM strategy. Marketing and exposure through Momentum.
KPI Growth
Focused support to target specific KPIs. An example would be targeting TVL growth by getting you in front of sophisticated LPs to provide feedback.
Hiring
Provide hiring strategy advice and facilitate introductions to hiring resources within the ecosystem based on your needs.
Funding
Receive fundraising strategy guidance from experienced founders. Have VCs review pitch decks and give advice.
Applications close in
Apply NowFAQ
The program will start the week of April 21st and end with a pitch day at DeFi Day.
For the in-person portion yes. We believe it is important and valuable to co-work/locate with other teams. We recognize the expense and will be covering accommodations in NYC.
No, the goal of this program is to help support the broader DeFi ecosystem. Any and all teams are encouraged to apply. We are also open to supporting EVM teams looking to come to Solana.
No, this accelerator is purely focused on support, there is no cost of financial commitment to participating teams.