Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa
Switzerland’s State Secretariat for Economic Affairs (SECO) is reportedly helping Crypto Valley Venture Capital (CVVC), a blockchain business incubator, set up an office in South Africa. According to SECO, this move fits with Switzerland’s policy of supporting private firms that seek to help African blockchain start-ups.
Funding for Successful Applicants
According to a Swissinfo report, CVVC will fund the best blockchain start-ups “in South Africa, Nigeria, Kenya, Rwanda, Congo and other countries.” The report adds that the initial five successful applicants will each receive $125,000 (CHF114,000) from the incubator while SECO will also chip in with a contribution of over $270,000 in the first year of the project.
Swiss Investment Company Crypto Valley Sets Up Shop In Cape Town
techfinancials.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techfinancials.co.za Daily Mail and Mail on Sunday newspapers.
Swiss Crypto Nation supports African blockchain ambitions
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
Swiss Investment Company CV VC Builds Up A Blockchain Ecosystem In South Africa
africa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africa.com Daily Mail and Mail on Sunday newspapers.