[ad_1]
Ohio is ready for another game in the blockchain and in the cryptocurrency game while funds for technology accelerators seem to pump millions of dollars into blockchain startups in the state.
One of these funds, JumpStart, is trying to invest $ 100 million in early-stage startups that are developing blockchain-based technologies.
A $ 6 million corporate acceleration fund, FlashStarts, has also been set up to provide initial funding to startup blockchain, to local Cleveland news.
Funding plans were announced at the Blockland Solutions Conference in Cleveland, Ohio, by JumpStart CEO Ray Leach.
While nothing has been officially confirmed, Leach has also stated that an additional $ 200 million will be made available to the blockchain companies over the next three years.
That said, the funds will only be available if the company uses one of Ohio's "Opportunity Zones", according to local news. These areas provide tax breaks for investors to encourage development in the poorest neighborhoods.
The funds will be specifically focused on supporting startups that are developing blockchain-based systems for businesses and governments, so it appears that funds will not be available for all startups.
In fact, it seems that Ohio is taking an interest in cryptocurrency and decentralized technology, and has recently become the first US state to accept Bitcoin tax payments.
Published 3 December 2018 – 14:50 UTC
[ad_2]Source link
