The investment arm of ethereum development studio ConsenSys, ConsenSys Ventures select 10 blockchain startups that are focused on building new blockchain-based solutions across data privacy, encryption, healthcare, and decentralized finance, among other areas for the second cohort of its accelerator program Tachyon.
ConsenSys Ventures announced the news on Monday, all 10 startups selected for the Tachyon 2.0 will be aided through the accelerator program, including meetings and lectures from “prominent” entrepreneurs, ethereum developers and venture capitalists, as well as access to ConsenSys’ network, as stated by the firm.
The incubation efforts will take place in Berlin and San Francisco. The firm added that that the German Bundestag, Germany’s parliament, is holding a session today featuring talks on the different areas covered by ConsenSys. The said session will cover various facets including early-stage startup incubation, legal, and marketing. It will also feature introductions from each of the teams in the accelerator.
German member of parliament Alexander Kulitz said in the announcement:
“The best support a government can give to innovative entrepreneurs and startups is to avoid unnecessary and unneeded regulations. It is not up to the politicians to decide if a product or an entrepreneurial idea should be successful or not. The decision has to be made by the demand of the people on free economic markets. Politicians are only to guarantee a level playing field on free and fair markets.”
In June of last year, ConsenSys Ventures launched Tachyon as the first ethereum-focused accelerator program, an eight-week program that offered support to participating members. In Monday’s announcement, it was confirmed that the 10 members of the cohort will receive $100,000 as part of the accelerator. ConsenSys Ventures’ managing partner Kavita Gupta said:
“With the backing of the ConsenSys and Ethereum ecosystems, we aim to provide all the necessary tool-kits for our entrepreneurs to succeed both in the short term and in the long run.”
The selected startups are:
- Blockchain-enabled DNA data bank Genomes
- Energy market-focused blockchain startup Blok-Z
- Protocol for self-sovereign identity Glimpse
- Blockchain-backed data authenticity software maker Sensor.link
- Litigation finance investment platform Lawcoin
- Cryptocurrency security storage solutions provider Cypherock
- Manufacturer of customized printed cryptocurrency cards Ether.cards
- Smart contract and transaction security firm Sooho
- Blockchain-based micro-insurance firm Ibisa
- Open source protocol maker for including digital assets into links LinkDrop.
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