A brand new accelerator and enterprise capital agency known as Blockchain Valley Ventures (BVV) was launched on Thursday in Switzerland. The brand new agency counts former govt members of IBM, UBS and SAP in addition to Lykke Corp. as companions and can present funding, financing, and advisory providers for blockchain ventures.
Based mostly in Switzerland’s Crypto Valley within the metropolis of Zug, BVV will deal with investments in, and the incubation and growth of, enterprise ventures that make the most of blockchain expertise in numerous industries. The agency will initially deal with Swiss and European-based initiatives and funding alternatives, leveraging the Crypto Valley’s developed ecosystem of blockchain startups, blockchain-experienced legal professionals, auditors, tax advisors, and monetary regulators.
“BVV’s core mission is to construct bridges between startups and buyers, helping these initiatives which provide actual, substantive advantages to the worldwide digital economic system and the blockchain sector as an entire,” mentioned Oliver Bussmann, a board member of BVV, the president of the Crypto Valley Affiliation, and the previous group CIO and group managing director of UBS. “Our companions are confirmed and profitable corporations who assist the additional growth of a reputable blockchain-powered ecosystem – each inside Switzerland and internationally.”
Switzerland boasts one of many world’s largest blockchain and cryptocurrency ecosystem, supported by business-friendly laws and the federal government’s fairly constructive stance in direction of cryptocurrencies and blockchain. The Crypto Valley Association was based in January 2017 to additional speed up the event of the sector within the metropolis of Zug and throughout the nation.
Heinrich Zetlmayer, basic accomplice at BVV and the previous vice chairman and nation chief of IBM International Enterprise Companies in Switzerland, mentioned BVV’s long-term imaginative and prescient was to develop the agency into “a number one administration holding within the crypto area, providing help to initiatives we imagine have actual potential to have lasting results on industries primed for disruption.”
“Blockchain expertise has already proven itself to be a extremely disruptive pressure throughout all manners of business – from provide chain administration, to e-commerce, and fintech,” he mentioned. “We’re excited to be facilitating and supporting the continued transformation of our shared international digital future.”
BVV will boast a variety of providers together with capital investments by means of its personal funds and funding automobiles such because the Blockchain Funding Alternatives Be aware in cooperation with enterprise capital (VC) agency Vicenda Asset Administration AG. It’ll additionally provide enterprise, monetary, preliminary coin providing (ICO), and advertising and marketing assist till initiatives have vital measurement and function independently, in addition to help in token expertise design and creation, and implementation of Lykke’s open supply expertise.
Lykke is a Swiss blockchain startup that gives a buying and selling platform for cryptocurrencies and monetary property constructed on high of blockchain expertise. The corporate mentioned it should assist BVV with portfolio corporations help and recommendation in launching and scaling blockchain-enabled companies.
“As ICOs have turn into the brand new regular, it’s not crucial to attend till you might have accrued important income to make your desires into actuality. Nevertheless, many would-be token-issuers want steering which is impartial, impartial, and unbiased,” saif Richard Olsen, founder and CEO of Lykke Corp. “BVV offers this high quality assist, providing the mandatory recommendation and help in order that impressed companies might absolutely acknowledge their potential.”
BVV will fund new companies utilizing a “hybrid mannequin” of investing that mixes conventional enterprise capital funding and ICO. The brand new mannequin is alleged to be designed to “optimize not solely the capital-raising of BVV portfolio corporations however to function a key instrument in accelerating their development and enterprise growth, providing important advantages in comparison with extra typical funding mechanisms.”