Chainlink Labs has reportedly disclosed details related to a program, introducing a blueprint aimed at offering assistance to crypto initiatives in their blockchain business-building adventure.

Specifically, as revealed by the firm, the program – going by the name “Startup with Chainlink” – will reportedly provide assistance to early-stage founders and entrepreneurs, in the form of free data resources, community groups, and access to mentors from a pool of business and technical experts.

David Post, a Chainlink Labs executive who made contributions to the development of the program, reportedly revealed that it aims to allow startups to tap into scaling information, operations best practices, webinars, events, and community groups. 

Nonetheless, major initiatives will further have the power to tap into an increased number of perks, nominally mentors, and venture capitalists.

All of these are reportedly built to provide support for new blockchain projects to have a long lifespan.

“Startup with Chainlink helps founders get it right from the beginning so that they can scale their operations sustainably and become long-term players in the ecosystem.” 

While a new crypto startup could bring potential benefits to the blockchain ecosystem, doing it wrong will give crypto a bad reputation. Aside from that, cluelessness may result in employees departing not long after witnessing red flags. Because of these, resources from top experts may go a long way. 

Furthermore, a program aimed at supporting startups will make it possible for initiatives to concentrate on forming new designs, instead of reinventing current ones. 

“Despite the fact that there is a repeatable blueprint for launching crypto projects, all too often founders try to reinvent the wheel on critical design decisions”.