Crypto Valley Venture Capital
OpenLife Nigeria has gathered that African blockchain disruptors and early-stage startups have joined CV Labs Global Incubation Program Batch_03.
The African contingent of incubatees reflects Crypto Valley Venture Capital’s (CV VC) global investment strategy, investing in blockchains’ broader applicability to solving problems and creating new markets, beyond crypto.
According to a statement from African Media Agency, AMA, made available to OpenLife, the incubation program is a precursor to CV VCs’ public-private partnership with the Swiss State Secretariat for Economic Affairs (SECO), which intends to see CV VC build the first-ever, blockchain-focused Accelerator for Africa. The goal of this Accelerator is to invest in 100 startups from the African continent over the next 4 years. This Accelerator will focus on such startups that work across Supply Chain, Healthcare, FinTech, and Government sectors.
Véronique Haller, Deputy Head of Mission, Embassy of Switzerland to South Africa, commenting on the initiative said: “Since 15 years, Switzerland and South Africa have been enjoying an intense collaboration in education, research, and innovation. The first exchange between actors from both our countries using blockchain solutions to tackle real-world issues was initiated in 2019. Switzerland, through its State Secretariat for Economic Affairs (SECO), is funding the «Blockchain ecosystem in South Africa project» to promote innovative private sector initiatives – the idea is to kick-start the process to attract further investors and blockchain actors into the initiative. It will also allow Swiss knowledge, expertise, and experience in blockchain to contribute to the development of the South African and African blockchain ecosystems.”
In addition, the Swiss State Secretariat for Education Research and Innovation (SERI) and the South African Department of Science and Innovation are actively pursuing research instruments for example joint projects, a research chair, and academia exchanges as part of the blockchain ecosystem.
Meanwhile, CV Labs has already incubated 22 successful global tech teams’ pathways to success. As the incubation arm of Crypto Valley Venture Capital (CV VC), CV Labs is the heartbeat of Crypto Valley, Europe’s leading blockchain ecosystem which is already home to 12 unicorns and nearly 1000 blockchain businesses. CV Labs Incubation Batch_03 will be nurtured by this ecosystem, systemically and organically.
The beginning of this was ‘Africa Week’ where CV VC partnered up with Binance Smart Chain, the University of Johannesburg, and The Cape Innovation and Technology Initiative. CV VC and the start-ups travelled to both Cape Town and Johannesburg to spend a whole week working with its new batch of incubates
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