New accelerator, venture capital firm Blockchain Valley Ventures launches

Blockchain Valley Ventures, a newly formed accelerator and venture capital firm, has launched.

The Switzerland-based firm will focus on the incubation and development of global businesses that are using blockchain technology.

The firm will support businesses through two investment types, traditional venture capital and ICOs. Equity injections will be made through its own funds, such as the Blockchain Investment Opportunities Note, which is in cooperation with private debt investor Vicenda Asset Management.

Blockchain Valley will also look to supply business, financial, ICO, and marketing support and assistance in technology design and creation. It will also implement Lykke’s open source technology with portfolio companies.

Blockchain Valley’s partners include former IBM Global Business Services vice president Heinrich Zetlmayer, former UBS and SAP Group CIO Oliver Bussmann, and global marketplace exchange of financial assets Lykke Corp.

Lykke Corporation founder and CEO Richard Olsen said, “As ICOs have become the new normal, it is no longer necessary to wait until you have accumulated significant revenue to make your dreams into reality. However, many would-be token-issuers need guidance which is neutral, independent, and unbiased. BVV provides this quality support, offering the necessary advice and assistance so that inspired businesses may fully recognise their potential,”.

Supporting companies through both venture capital and ICOs is done in the hopes of supporting a portfolio’s access to funds and accelerating their development.

BVV general partner Heinrich Zetlmayer said, “Blockchain technology has already shown itself to be a highly disruptive force across all manners of industry – from supply chain management, to e-commerce, and FinTech.

“Our long-term vision is to develop BVV into a leading management holding in the crypto space, offering assistance to projects we believe have real potential to have lasting effects on industries primed for disruption. We are excited to be facilitating and supporting the continued transformation of our shared global digital future.”

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