12 Blockchain Startups Graduate from CV Labs Incubation Program in Zugby Fintechnews Switzerland July 23, 2019
Over the course of ten weeks, 12 startups from 8 different countries and 4 continents participated in the first CV Labs Incubation Program in the Crypto Valley in Zug.
The first batch of incubatees successfully passed the graduation and received funding of up to $125,000 in exchange for 10% of equity by the venture capital company CV VC. During various events, they had the opportunity to present in front of over 100 investors and industry experts, which has led to partnerships with corporates for some of the startups.
It is the beginning of a new era in the Crypto Valley: Promising blockchain-related ideas and projects from all over the word participated in the first tailor-made ten-weeks-program in the most vibrant blockchain ecosystem. Young entrepreneurs were connecting with and learning from over 60 leading blockchain mentors and experts.
Out of 600 applications from 35 countries, the 12 selected startups started their incubation program in April. It ended in July with the demo day, a graduation party and CV VC’s exclusive Investor Circle event with prominent Swiss and international investors at the Dolder Grand in Zürich.
Next financing rounds: From $500,000 to $2 million from local and international investors
All startups are now preparing their next financing rounds, from $500,000 to $2 million with valuations hitting $10 million. Over the last weeks, they had the unique opportunity to pitch in front of over 100 investors and industry experts on several occasions.
The CV Incubation program consists of four main pillars:
- Bootcamp: Pitch training, strategy refinement, team set up, company culture and co-founding best practices
- The tech module: Blockchain technology overview, token economy and game theory units and meeting the protocols
- Business module: Legal, finance, sales, marketing, and operational excellence
- Networking and investor meetings
Several startups attained formidable traction during the program, which materialized in partnerships with corporates, paying clients and Proof of Concepts with media houses in both Switzerland and beyond.
Batch number 2 coming this winter
12 Blockchaion Startups Graduates from 2019:
The AdHash protocol cuts the dead weight from the digital ad ecosystem to bring efficiency and trust. AdHash rebuilds a real-time bidding framework from ground up, combining first-party ad hosting and unique hash IDs to eliminate majority of ad fraud vectors and deliver transparency & control to advertisers, publishers, users.
Democratizing Science – solving problems that inhibit the advancement of scientific research. Assembl is improving quality and accessibility of scientific data by interconnecting disparate data sources and positively incentivizing data interchange with simple and scalablesoftware solutions.
Sprinter is a decentralized platform connecting a distributed network with the solutions and resources needed to build, grow, and scale technology businesses and accelerate innovation.
A community-based scam identification platform. CryptoPolice is creating a decentralized, scam verification system/application, where people can share identified scams and check the verification process and legitimacy of an approved scam, which regular internet users and company employees are facing in real time.
Wireless, stand-alone usable multicurrency crypto wallet with payment capabilities combines both wallet and payment solutions, thereby helping to drive adoption of fast and instantly-settled crypto payments in daily life.
Insurance marketplace, where users can create new insurance policies & products as a group. Tezsure simplifies and aligns goals for participants in the insurance market with the use of AI and smart contracts.
PocketJam, South Africa
A platform that incentivizes children to solve (math) problems to earn pocket money. It improves critical thinking, pattern recognition, and problem-solving skills, which were identified by the WEF as the most important skills for kidsto develop.
Featured image credit: First batch of CV Labs Incubation Program