Switzerland-based investment firm Crypto Valley Venture Capital (CV VC) announced the launch of its Genesis Hub incubator in Zug—dubbed Europes Crypto Valley—wherein it will aim to support up to 60 blockchain-based startups every year starting 2019, according to an article published by local media outlet SwissInfo on September 20.
But the private equity vehicle has ambitious plans, as it intends to collect up to $100 Million to fuel its ultimate goal, which is to help 1,000 blockchain startups take flight every year. Furthermore, it intends to go global, as CV VC CEO and Co-Founder Mathias Ruch said that blockchain is a global phenomenon so we could expand anywhere in the world.