CV VC launches an African investment strategy to build a blockchain accelerator for Africa – 100 startups over 4 years.

CAPE TOWN, South Africa, Nov 16, 2021 – / African Media Agency (AMA) / – African blockchain disruptors and startup startups have joined CV Labs’ global incubation program Batch_03. The African contingent of incubates reflects the global investment strategy of Crypto Valley Venture Capital (CV VC), which is to invest in the wider applicability of blockchains to problem solving and creating new markets, to- beyond crypto.

The incubation program is a precursor of CV VCs’ public-private partnership with the Swiss State Secretariat for Economic Affairs (SECO), which intends to see CV VC build the very first blockchain-focused accelerator for Africa. The objective of this accelerator is to invest in 100 startups from the African continent over the next 4 years. This accelerator will focus on those startups that work in the supply chain, healthcare, fintech, and government sectors.

Véronique Haller, Deputy Head of Mission, Embassy of Switzerland in South Africa, commenting on the initiative said: “For 15 years, Switzerland and South Africa have maintained an intense collaboration in the fields of education, research and innovation. The first exchange between actors from our two countries using blockchain solutions to deal with real-world problems was initiated in 2019. Switzerland, via its State Secretariat for Economic Affairs (SECO), is funding the “Blockchain” project ecosystem in South Africa ‘to promote innovation private sector initiatives – the idea is to start the process to attract other investors and blockchain players into the initiative. It will also enable Swiss blockchain knowledge, expertise and experience to contribute to the development of South African and African blockchain ecosystems.

In addition, the Swiss State Secretariat for Educational Research and Innovation (SERI) and the South African Department of Science and Innovation are actively seeking research instruments, for example joint projects, a chair of research and academic exchanges within the framework of the blockchain ecosystem.

CV Labs has already incubated 22 successful global technology teams. As the incubation arm of Crypto Valley Venture Capital (CV VC), CV Labs is the heart of Crypto Valley, Europe’s premier blockchain ecosystem that is already home to 12 unicorns and nearly 1,000 blockchain companies. CV Labs Incubation Batch_03 will be nourished by this ecosystem, in a systemic and organic way. The start of it was “Africa Week” where CV VC partnered with Binance Smart Chain, the University of Johannesburg and The Cape Innovation and Technology Initiative. CV VC and the start-ups traveled to Cape Town and Johannesburg to spend a whole week working with their new batch of incubates:

  • Mazuma – international remittances and mobile money (Ghana)
  • HouseAfrica – Digital Property Validation System (Nigeria)
  • Pravica – decentralized communication suite for businesses (Egypt)
  • Carmachain – p2p data market for the unbanked (Nigeria)

Gideon Greaves, Managing Director of CV VCAfrica noted, “I am delighted to see the evolution of our project with SECO which aims to support the development of an independent ecosystem in Africa by transferring the know-how and experience of the Crypto Valley to Switzerland to serve as a similar hub. for Africa. We have had huge success since our launch and Africa is excited! We received more applications from African start-ups than from the rest of the world. I believe Africa is teaching us the real use cases of blockchain and the opportunity it presents for greater inclusion. “

Nnamdi Uba, from Maison Afrique, who joined the incubation program, said “When looking for venture capital support, we chose CV VC because of the mutual belief that blockchain technology has the power to transform socio-economy, solve everyday problems and, of course, change lives. people. At HouseAfrica, we are building a system in which all real estate transactions will be recorded in a safe, secure and transparent manner. Nigeria is a country where data is still largely documented on paper and blockchain technology has the potential to revolutionize this. We are delighted to be part of the CV Labs incubation program, which is the oldest incubator and the most experienced blockchain ecosystem in Europe ”.

Following its recent internationalization in Africa and Dubai, CV Labs has strengthened the capacity of its incubation program to nurture a zealous entrepreneurial environment in which blockchain technology teams are equipped to transform the way the world works, interacts and processes. All participants receive an investment of up to $ 125,000 and an intensive incubation program that offers four learning blocks over three months. In addition to the four African incubates, the new batch includes BlockFrauds (UK) and CO2DAO (Switzerland).

Concluding the CV VC “Africa Week” during which a CV VC team visited to work with new incubates, Mathias Ruch, founder and CEO of CV VC added: “As founders ourselves, we believe that blockchain technology is the unprecedented disruptive force that can power our world. Investing in these new blockchain companies means investing in the future of our world. At CV Labs, incubates benefit from the larger CV VC ecosystem of nearly 100 experts and mentors from various fields and very important jurisdictions. Alongside the experts, our CV VC portfolio companies will support and work with the new incubates. Although CV Labs is independent, it is networked with all major protocols, market makers and exchanges. This network will be accessible to all incubated Batch_03 ”.

See here for pictures of CV VC in Africa this week.

Distributed by African Media Agency (AMA) on behalf of CV VC.

Samantha seewoosurrun
E: [email protected]
M: +230 5772 4400

On Crypto Valley Venture Capital (CV CV) & CV labs:
Based in Switzerland, the private venture capital firm offers seed funding and an incubation program to global technology teams in exchange for equity capital. In addition, CV VC provides investment advice and advice to companies. As the originator of Crypto Valley, birthplace of Ethereum and home to 12 unicorns, CV VC & CV Labs is the hub of Crypto Valleys insight and a global force behind the Fourth Industrial Revolution. Through CV Labs, CV VC feeds global ecosystems from its headquarters in Zug, Switzerland, and its locations in Liechtenstein, Africa and the United Arab Emirates. CV VC has an entrepreneurial spirit embodied by its founders and board members who represent its ethics – Founders for Founders. These include former Swiss President Johann Schneider-Ammann, DMCC Executive Chairman Ahmed Bin Sulayem, industrialist Alex Wassmer, entrepreneurs Mathias Ruch and Ralf Glabischnig, investment banker Olaf Hannemann, the former Finnish Minister Anne Berner and Philipp Rösler, former German Vice-Chancellor and Director General of the World Economic Forum.

About the State Secretariat for Economic Affairs SECO – Economic cooperation and development.
The Swiss State Secretariat for Economic Affairs SECO aims to promote economic growth and sustainable prosperity in its partner countries. Based on Switzerland’s international cooperation strategy, SECO’s expertise in economic and trade policy enables partner countries to shape structural transformation, develop their private sector and integrate into the global economy. More specifically, SECO supports the creation of reliable economic framework conditions and innovative private sector initiatives in its partner countries. This gives people and businesses access to markets and opportunities, creates employment opportunities and provides future prospects at the local level. Switzerland, through its State Secretariat for the Economy, SECO is the 5th largest bilateral donor country in South Africa with a financial envelope of ZAR 900 million for the period 2021-2024 and is implementing more than 30 projects to contribute to inclusive economic development.

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Source: African Media Agency (AMA)

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