æternity’s blockchain incubator to invest $1.3 million USD in 9 projects
æternity, the blockchain 3.0 platform designed to deliver efficiency, transparent governance, and global scalability, along with æternity Ventures, which oversees æternity’s global incubator programs and partnerships, announced that the nine projects that made it to the final of the month-long æternity Starfleet incubator program, will receive $1.3 million USD in investments.
Launched in June, Starfleet saw a great number of applicants shortlisted to 17 with the final nine selected to present to an audience of 150 people in Sofia, Bulgaria, and an online audience of 350. The finalists worked 1 on 1 with æternity Ventures to advance their project, scale, and structure their business plan.
UTU Technologies (Mauritius/Kenya), a trust ecosystem for the sharing economy, received $200,000 USD in investments and AMPNet (Croatia), an integrated hardware and software suite, received $100,000 USD. Both teams managed to secure an additional $50,000 USD each from æternity Ventures’ partner network as a number of investment funds and angel investors followed the event online.
The remaining $1,000,000 USD will be distributed amongst the remaining teams: TraDEXsocial, NOBLE, Tip-me, Ride Safe Africa, YAIR, TRIBE, and Data2Honey.
“We were delighted to welcome these visionary teams from the likes of Kenya, Croatia, Austria, and Germany as well as investors and industry enthusiasts to the final event of æternity Starfleet 2018 in the beautiful Sofia Tech Park in Bulgaria. I have been very impressed by the passion, dedication, and far-reaching potential of the nine teams that made it to the final of æternity Starfleet. The finalists have demonstrated an innate ability to take our feedback and fine-tune their business model and roadmap accordingly. I’m very excited to see the project progress to the next phase of development.”
æternity Starfleet was established to support the global blockchain ecosystem by building a network of innovators, investors, and industry enthusiasts while showcasing the talent and vision of blockchain projects worldwide. Each team participating in the Incubator program was mentored and given the opportunity to take part in intense training sessions and workshops led by leading names in both blockchain and business.
“Even being invited to take part in the final event of æternity Starfleet was a huge privilege for our team, and winning the top prize is vindication for our tireless efforts to date. This is a strong vote of confidence from one of the leading authorities within the blockchain sphere, and æternity’s support has been incredibly beneficial during the Starfleet program. We are beyond excited to continue working with the æternity Ventures team, and look forward to taking our project to the next level with their guidance and vision.”
