Crypto Valley Venture Capital Launches $100 Million Blockchain Incubator in Switzerland

Welcome to the Future: Crypto Valley’s Genesis Hub

The Crypto Valley Venture Capital (CV VC) consortium is shaking things up in Switzerland, having launched a blockchain incubator with a whopping $100 million target. Dubbed the Genesis Hub, this initiative has settled in Zug, the heart of Switzerland’s Crypto Valley.

What’s Cooking in Zug?

The Genesis Hub isn’t just any standard incubator; it’s hosting 20 hand-picked blockchain startups at its inception. But it doesn’t stop there! The ambitious vision is to welcome 60 new companies each year into the fold. Startups looking to join the ranks will go through a three-month kickstart program, receiving a generous $125,000 in seed funding as a taste of what’s in store.

Mentoring and Financing: A Recipe for Success

As tasty as all that sounds, there’s a catch: CV VC will take a small bite of these startups, asking for up to 8 percent equity in the form of shares or digital tokens. But hey, it’s all in the name of support! From expert technology consultants to mentorship, startups can expect a robust suite of assistance during their incubation experience.

A Worldly Ambition

Mathias Ruch, co-founder of CV VC, emphasizes the global nature of their endeavor, expressing a desire to create similar incubators globally. He opines, “Blockchain technology is a global phenomenon, so we could expand anywhere in the world.” Talk about ambition!

ICOs: The Old School Cool, But Not the Sole Solution

On top of this fresh incubator, Ruch believes in a blend of modern financing techniques. He anticipates that Initial Coin Offerings (ICOs) and Initial Public Offerings (IPOs) will create a new financing model for budding companies. Fellow advisor Vasiliy Suvorov echoes this sentiment, noting, “ICOs will continue to be a useful mechanism but they will no longer be core to the blockchain economy.” Out with the hype and in with sustainable progress!

Switzerland: The ICO Hotspot?

All this development comes on the heels of Switzerland being recognized as the second most favorable country for ICOs, according to a recent survey. A testament to its robust blockchain framework, Switzerland ranks high on the list of countries raising funds in the ICO realm.