ICP HUB Bulgaria introduces Formation3 to boost Web3 startups

ICP HUB Bulgaria has announced the launch of Formation3, a Web3 accelerator designed to support and develop innovative startups in the decentralised space.

Formation3 is integrated into the Olympus platform, an on-chain accelerator that emphasises transparency and decentralisation.

This initiative aims to foster growth across multiple industries, including decentralised finance (DeFi), decentralised social (DeSoc), decentralised physical infrastructure networks (DePIN), artificial intelligence (DeAI), and gaming.

Formation3 offers startups a unique opportunity to access a thriving ecosystem of investors, mentors, and key industry players.

ICP HUB Bulgaria’s goal with Formation3 is to help visionary projects scale and succeed in the rapidly evolving Web3 environment.

According to Josip Vlah, co-founder of ICP HUB Bulgaria, “Formation3 is the accelerator created by the founders to directly work with the founders, establish their partner network, and grow their projects across a wide array of ecosystems.”

The program is supported by a vast network of over 30 key partners, including Web3 growth agency RZLT, advisory firm BorgoLabs, and development firms like WeiChain and ICON Worldwide.

Startups participating in Formation3 will benefit from mentorship by industry veterans such as Luka Sucic and Nirado, both experienced figures in the Web3 and venture capital space.

These mentors offer critical guidance to startups navigating the complexities of decentralised technology.

Formation3 aims to become a premier launchpad for Web3 technologies by empowering startups with the resources and connections needed to thrive.

By leveraging the Olympus platform, Formation3 provides a streamlined, decentralised approach to accelerating projects, helping founders scale their innovations while maintaining full transparency and control over their development.