ConsenSys Names Latest Blockchain Startups For Accelerator Program
ConsenSys Ventures has finally selected its 10 blockchain startups for the second cohort of its very own accelerator program called Tachyon. The company is basically the investment arm of the Ethereum development studio called ConsenSys.
Introducing Tachyon 2.0 Program Startups
According to the official report, the firm announced the news and said that the startups meant for the Tachyon 2.0 program had been selected. The company added that they would be heavily focused on building new blockchain-based solutions, all of which would be expected to cover data privacy, decentralization finance, encryption, and healthcare, to name a few.
All of the 10 startups selected by ConsenSys Ventures will directly benefit from the aforementioned program, which will introduce meeting and/or lectures coming from “prominent” entrepreneurs in the industry. The program will also include the likes of venture capitalists and ETH developers. More importantly, these firms will have direct access to the ConsenSys network through the program. The incubation efforts, in particular, are expected to take place in Berlin and San Francisco.
ConsenSys further said that the German Bundestag, which is simply the German’s parliament, is going to hold a session that features talks on a variety of areas covered by the firm. This includes early-stage startup marketing, legal, and even incubation. In addition, the session will highlight different introductions from all of the teams of the Accelerator program.
The Role Of the Government
According to Alexander Kulitz, the German member of the above-mentioned parliament, avoiding unnecessary and unneeded regulations is the best support that the government can give. And by doing so, it is enabling all entrepreneurs and/or startups to innovate. He added that politicians are not to decide whether a product – even if it is only an entrepreneurial idea – is going to be successful or not.
Kulitz added that this is the type of decision that only the demand of people, particularly those on the free economic markets, can make. Politicians, on the other hand, are only expected to guarantee a certain level of playing the field when it comes to free and/or fair markets.
It is worth noting that ConsenSys Ventures introduced Tachyon as its first ETH-focused accelerator program back in June last year. It is designed to offer members a deluge of benefits through its eight-week program. The incubator just recently confirmed that a total of $100,000 will be given to each member of the cohort as part of the program.