PANews reported on February 24th that the Arbitrum Foundation announced the launch of the "Arbitrum Mentorship Program," designed to support teams building leading applications on the Arbitrum blockchain. The program is highly selective, supporting a maximum of 15 teams. Applications close on April 7th and will open on April 13th. Selected teams will receive support in product development, growth strategies, and ecosystem distribution, and will be connected with ecosystem teams such as Pendle and GMX, as well as venture capital firms like Pantera Capital and Electric Capital. The eight-week program is non-equity-based and focuses on workshops on topics such as market strategy and fundraising preparation. A demo day will be held at the end of the program, and the top three teams will receive a $100,000 non-dilutive award. Applications are open to early-stage builders in MVP, pre-seed, or seed rounds.