Crypto Valley Venture Capital (CVVC), a group of Swiss investors have announced the launch of a crypto incubator program, “Genesis Hub”, in heart of the Crypto Valley in Zug. The program aims to provide an ecosystem for talented blockchain enthusiast and visionaries to create and expand the possibilities of blockchain technology and aims to raise $100 million.
The incubator will be able to facilitate 20 crypto startups at the beginning, but the project hopes to fund and guide up to 60 new blockchain firms a year. CVVC hope to see the program to expand and have similar incubators in different parts of the world.
WHY IS IT IMPORTANT?
- These are direct moves towards creating a space where passionate blockchain enthusiasts will be able to develop and innovate blockchain technologies and their application.
- The incubator hopes to expand in the future, and the team behind the idea expect that in a couple of years, they will have found and raised a blockchain "Alibaba."
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