Crypto Valley Venture Capital accelerates Africa – 100 Startups

<p><em>Crypto Valley Venture Capital<&sol;em><&sol;p>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> has gathered that African blockchain disruptors and early-stage startups have joined CV Labs Global Incubation Program Batch&lowbar;03&period;<br &sol;>&NewLine;The African contingent of incubatees reflects Crypto Valley Venture Capital’s &lpar;CV VC&rpar; global investment strategy&comma; investing in blockchains’ broader applicability to solving problems and creating new markets&comma; beyond crypto&period;<&sol;p>&NewLine;<p>According to a statement from African Media Agency&comma; AMA&comma; made available to OpenLife&comma; the incubation program is a precursor to CV VCs’ public-private partnership with the Swiss State Secretariat for Economic Affairs &lpar;SECO&rpar;&comma; which intends to see CV VC build the first-ever&comma; blockchain-focused Accelerator for Africa&period; The goal of this Accelerator is to invest in 100 startups from the African continent over the next 4 years&period; This Accelerator will focus on such startups that work across Supply Chain&comma; Healthcare&comma; FinTech&comma; and Government sectors&period;<&sol;p>&NewLine;<p>Véronique Haller&comma; Deputy Head of Mission&comma; Embassy of Switzerland to South Africa&comma; commenting on the initiative said&colon; &OpenCurlyDoubleQuote;Since 15 years&comma; Switzerland and South Africa have been enjoying an intense collaboration in education&comma; research&comma; and innovation&period; The first exchange between actors from both our countries using blockchain solutions to tackle real-world issues was initiated in 2019&period; Switzerland&comma; through its State Secretariat for Economic Affairs &lpar;SECO&rpar;&comma; is funding the «Blockchain ecosystem in South Africa project» to promote innovative private sector initiatives &&num;8211&semi; the idea is to kick-start the process to attract further investors and blockchain actors into the initiative&period; It will also allow Swiss knowledge&comma; expertise&comma; and experience in blockchain to contribute to the development of the South African and African blockchain ecosystems&period;”<&sol;p>&NewLine;<p>In addition&comma; the Swiss State Secretariat for Education Research and Innovation &lpar;SERI&rpar; and the <a href&equals;"https&colon;&sol;&sol;www&period;google&period;com&sol;">South African Departmen<&sol;a>t of Science and Innovation are actively pursuing research instruments for example joint projects&comma; a research chair&comma; and academia exchanges as part of the blockchain ecosystem&period;<&sol;p>&NewLine;<p>Meanwhile&comma; CV Labs has already incubated 22 successful global tech teams’ pathways to success&period; As the incubation arm of Crypto Valley Venture Capital &lpar;CV VC&rpar;&comma; CV Labs is the heartbeat of Crypto Valley&comma; Europe’s leading blockchain ecosystem which is already home to 12 unicorns and nearly 1000 blockchain businesses&period; CV Labs Incubation Batch&lowbar;03 will be nurtured by this ecosystem&comma; systemically and organically&period;<br &sol;>&NewLine;The beginning of this was &OpenCurlyQuote;Africa Week’ where CV VC partnered up with Binance Smart Chain&comma; the University of Johannesburg&comma; and The Cape Innovation and Technology Initiative&period; 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<&sol;p>&NewLine;