ETC Labs Launches Startup Incubator Pilot, Program Already Has More Than 100 Applications
Elizabeth Kukko, the director of Ethereum Classic’s investment branch ETC Labs, has recently talked about the company’s incubator program during an interview. Right from the start, a total of six selected projects are already a part of the project and the full launch will happen in the first quarter of 2019.
According to the director, the goal of the program will be to use the incubator model to get and give feedback with this initial team before the main launch. The pilot was started on October 1 and the six companies which are already with ETC Labs get free working space and the opportunity to talk with the team, as well as to present their ideas to high-profile investors during the launch event, which will be held on October 25.
Kukko has affirmed that the company has seen a lot of interest in the program and that over 120 applications have been received so far. Elizabeth has highlighted that some companies have really unique ideas that will be very interesting to see developed and that the company will help as many companies as possible.
The director of ETC Labs has also explained that the main reason for wanting to invest in this space is that the ETC platform is very secure and that it is creating a very competitive market. Starting next year, the lab is interested in supporting 20 to 24 startups per year so they can reach their full potential.
However, due to space issues, only 10 to 12 of them will be accommodated at the time.
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