Stellar Teams Up with CV Labs for Accelerator Program

The Stellar Development Foundation (SDF) has joined forces with CV Labs to launch an accelerator program for startups building on the Stellar blockchain. The 12-week program will support 10 startups, with six focusing on African markets.

The selected startups will receive up to $150,000 in XLM, as well as mentorship, technical guidance, and ecosystem support. CV Labs has a history of running blockchain accelerator programs since 2018, partnering with multiple protocols including Lisk, Algorand, Cardano, and ICP.

The focus on stablecoins is driven by their growing influence across African economies. SDF has been investing in companies such as Cowrie, Wave, Stax, and Afriex to gain market share. The partnership with CV Labs is another push to support startups building on the Stellar blockchain.