CV VC (Crypto Valley Venture Capital) has launched an African investment strategy plan to purchase a blockchain accelerator for the continent. Crypto Valley Venture Capital invests in blockchain’s applicability to solving problems and creating new markets asides from crypto.
The new program is one that was launched, preceding CV VC’s public-private partnership with the Swiss State Secretariat for Economic Affairs (SECO), which is intended to see CV VC build their first blockchain-focused Accelerator for Africa. The aim of the accelerator is to focus on startups such as healthcare, Fintech, Supply Chain, Government sectors.
Deputy Head of Mission, Switzerland Embassy in South Africa, Veronique Haller commented on the initiative, where he said, “Since 15 years, Switzerland and South Africa have been enjoying an intense collaboration in education, research, and innovation. The first exchange between actors from both countries using blockchain solutions to tackle real-world issues was initiated in 2019. Switzerland, through its State Secretariat for Economic Affairs (SECO), is funding the blockchain…’’
In furtherance to that, SERI (Swiss State Secretariat for Education Research and Innovation) and the South African Department of Science and Innovation are pursuing research instruments for joint projects, research chair, and academia exchange as part of the blockchain ecosystem.
CV VC partnered with Binance Smart Chain, University of Johannesburg, and The cape Initiative. CV VC and the start-ups will travel to Cape Town and Johannesburg to spend a week with its new batch of incubates, working together.