Venture accelerator Brinc has teamed up with Cointelegraph Accelerator to create a two-way support network for Web3 start-ups.

The partnership will provide resources including mentorship, networking channels, and tailored programmes as the regulatory landscape and decentralised scaling of Web3 technology continue to challenge start-ups.

It aims to expose upcoming projects to a wider demographics and encourage networking between projects, mentors, and investors on each Accelerator's platform.

Venture capital funding for projects in the space dropped significantly over the past year, prompting a need for alternate funding and support strategies.

Based in Hong Kong, Brinc offers accelerator programmes for various sectors including Web3. It has so far invested in 239 companies from over 36 countries.