MIT Enterprise Forum CEE Accelerator Selects Billon Group

Billon was one of only 15 companies admitted from a record-breaking 250 applications from 23 countries. The Accelerator, affiliated with the Massachusetts Institute of Technology, has a strong track record of transforming innovative startups into rapidly growing businesses with access to international markets.

Jacek Figuła, Chief Commercial Officer of Billon Group, comments: “The MIT Enterprise Forum CEE is a great opportunity to bring the Unified Enterprise DLT System to the global business network of program partners. We look forward to this opportunity to provide  our solutions built to their real-life business requirements of organizations across the active CEE region.” 

The program begins in June 2021. Billon and other participants will benefit from Accelerator consultants’ expertise and support in finance, law and business. The program aims to  help hone a robust value proposition to enter and scale in international markets, primarily in the United States. Five top companies from the accelerator will take part in a week-long bootcamp in Boston, scheduled for October 2021.

Łukasz Owczarek, Head of the MIT Enterprise Forum CEE Accelerator, comments: “Market leaders and international institutions are waiting for new unicorns providing new groundbreaking solutions. MIT Enterprise Forum programs, with their global range and partnerships, give promising startups a unique opportunity to develop and gain international recognition.”

Billon has participated in several acceleration programs over the years, findingthem effective in gaining business traction in viable Unified Enterprise DLT use cases. Billon began its cooperation with FIS, a leading global provider of banking IT, through an FIS accelerator in 2018. Raiffeisen Bank International, following Billon's participation in the Elevator Lab acceleration program, developed the RBI Tokenization Platform with tokenized euros and other assets stored on Billon’s DLT.

About Billon Group

Billon created a DLT protocol and system for national currency payments and document storage at scale, meeting all regulatory requirements and solving challenges for the wide adoption of blockchain technologies. With the protocol designed for high throughput and low cost of maintenance, our mission is to unleash the transformational capabilities of blockchain in the regulated world.

Billon provides client services for handling documents and regulated e-money on blockchain. The system also supports clients developing their own enterprise solutions in areas of Trusted Document Management, Regulated Digital Cash and Asset & Data Tokenization

Billon Group Ltd. was founded in the UK in 2015, following several years of R&D in Poland. Its unique DLT protocol has been supported by many R&D grants, including the EU Horizon 2020 program. Billon subsidiary companies are licensed to issue electronic money by regulators in the UK and Poland.

Billon’s growing partner list includes leading companies such as FIS, Raiffeisen Bank International and BIK (the Polish credit reporting agency). Billon has offices in London and Warsaw.

For more information, visit www.billongroup.com. Follow Billon Group on LinkedIn & Twitter & Facebook.

About MIT Enterprise Forum CEE

MIT Enterprise Forum CEE is a CEE based, equity-free startup acceleration program affiliated to the worldwide recognized Massachusetts Institute of Technology that provides financial, legal and consultancy support to startup founders from the CEE region. The aim of the program is to support the development of the most innovative startups from Central and Eastern Europe by combining their potential with the knowledge and resources of leading global and regional enterprises and the experience of Polish and international mentors, helping startups to scale up on international markets, primarily in the United States. The MIT Enterprise Forum CEE program is part of the global MIT Enterprise Forum network, joining 10 US chapters and several international chapters, including those in Greece, Israel, Lebanon, Mexico, Saudi Arabia, and Spain.