The Swiss investment consortium Crypto Valley Venture Capital (CV VC) has launched a blockchain incubator with a $100 million goal.
Currently, the incubator, based in Zug, includes 20 blockchain startups, though it plans to eventually fund 60 new companies per year, Cointelegraph reports, citing swissinfo.ch. As part of the initiative, approved startups will complete CV VC’s three-month kick-start program, with $125,000 as seed funding.
The company’s long-term goal reportedly is to help 1,000 blockchain companies around the world each year, according to Cointelegraph. In return, startups will have to give it a stake in their business of up to 8 percent in the form of shares or digital tokens. Read more here.