A new global initiative Accelerator of Blockchain for Good Alliance has been launched

A new global initiative Accelerator of Blockchain for Good Alliance has been launched in partnership with United Nations Development Programme (UNDP) and EMURGO labs

A new global initiative, Accelerator of Blockchain for Good (BGA) in partnership with United Nations Development Programme (UNDP) and EMURGO labs, has been launched to accelerate the spread of solutions based on Blockchain in achieving UN’s Sustainable Development Goals (SDGs).

The program aims to provide UNDP staff and partners with the requisite knowledge, mentorship, and tools to effectively develop, test, and implement blockchain technologies in order to address economic development challenges. The initiatives will be supported and will be designed to address 17 SDGs, including poverty reduction, climate action, and gender equality, in five global regions.

“This accelerator represents a pivotal advancement in leveraging blockchain for sustainable development,” stated Teodor Petricevic, UNDP Accelerator Lead. The objective is to find practical ways to enhance communities globally.

One cohort will be onboarded two times per year for a period of four months each. Blockchain technology, solution development and ecosystem growth training will be given to participants. Funding will be awarded to selected projects, as mentors from across the world’s industry experts will offer mentorship.

Up to $1.5 million of the program is set aside for funding blockchain initiatives that promote social impact. This capital and UNDP’s extensive ecosystem are open to startups and innovators who apply to scale their solutions.

Petricevic also added that “for UNDP, blockchain is a force for change, not just technology.” “We enable innovators to overcome the biggest challenges of humanity.”

The initiative follows up to BGA’s previous work, including a $1 million investment in EthicHub, a blockchain platform developing rural agricultural communities in February 2025. This shall be a testament to BGA’s mission to bring impactful blockchain applications to the world.

The SDG Blockchain Accelerator will take place in Africa, Asia, Europe, Latin America and the Middle East. It seeks to encourage governments, private sector, and innovators to collaborate in order to come up with scalable solutions. For being a leader in blockchain technology, EMURGO Labs will provide technical expertise to assure any project viability.

“The potential of blockchain to change social good is immense,” said Glenn Tan, Managing Partner at BGA. “This accelerator will connect the dots between groundbreaking ideas and their practical application.”

Program complies with global trend of blockchain adoption

Social impact initiatives may provide meaningful use of blockchain networks as they could store about 10 percent of global GDP by 2027, as per the World Economic Forum. The accelerator will also supplement initiatives such as the UNDP’s partnership with Stellar Development Foundation on financial inclusion using the blockchain.

As for the accepted projects of the listed projects, applications for the 2025 cohort are now open, with some projects given priority if these projects can address economic inequality and environmental sustainability. It is anticipated to catalyze innovation and make blockchain change development rehearses the world over.