Chicago Gets Its First Incubator for Blockchain Startups
A group of Chicago entrepreneurs and investors have launched the city's first bitcoin and blockchain hub. Opening today at Chicago's 1871 - an entrepreneurial centre home to 325 early-stage digital startups - Chicago's Bitcoin Center will provide a co-working space, mentorship, public relations and government affairs services to blockchain-focused startups. Matthew Roszak, CEO of the Chicago Bitcoin Center and founding partner of VC firm Tally Capital, said in a statement:
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Bitcoin is growing. Adoption rates are rising in every major city and Bitcoin business keep popping up in those cities. Cryptocurrency and financial tech are capitalizing globally. This precedence is taking place in the city of Chicago at a vast rate. Chicago is home to 4,300 financial trading businesses and generates close to one quarter of the world’s....
The Chicago Bitcoin Center is launching at 1871, Chicago, sponsored by a group of Chicago-based technology entrepreneurs and investors. The Center will act as a Bitcoin incubator, the result of a pioneer effort from prominent entrepreneur who claim that the Center will serve as Chicago’s key resource and center of gravity for blockchain-based technologies. Jonathan Solomon, the first executive director of the Chicago Bitcoin Center, says that he is looking forward to working with FinTech entrepreneurs to build on the growing momentum in the FinTech industry, while drawing on the city’s....
Boost VC has released new figures about its investments in startups focusing on bitcoin and the blockchain. The San Mateo incubator, which has pledged to invest in 100 industry startups through 2017, revealed in a Medium post this week that it has invested in 52 bitcoin and blockchain companies since its founding in 2012. According to figures provided to CoinDesk by Boost, bitcoin and blockchain startups have so far raised $52 million, compared to the $86 million across companies in all of its target sectors. The figures suggest bitcoin and blockchain startups have so far captured 60% of....
Bitcoin remittance company Abra is one of five startups working with blockchain technology to be accepted into the latest financial technology program operated by California startup incubator Plug and Play. Abra, BlockNotary, BlockSeer, Skuchain and Token are the blockchain startups set to take part in the program, among a total of 23 participants. Startups in the initiative will take part in mentoring sessions and pilot programs over the course of the three-month initiative. The incubator draws support from a number of firms involved with blockchain-services or consortia devoted to....
BitAngels, the first international incubator focused exclusively on bitcoin start-ups, announced that it has invested $7m (roughly 8,200 BTC) in twelve different bitcoin startups since 2013. The startups feature some interesting names, including mining hardware company CoinTerra, bitcoin instant exchange Cash Into Coins, bitcoin layer MSC Protocol, payment platform GoCoin and Seasteading incubator Blueseed. The company said: "BitAngels have nearly $50m in bitcoins soft-circled by its now 324 angels across the globe ready to be invested in bitcoin startups." The BitAngels assembled at the....