F10 FinTech Incubator & Accelerator and Crypto Valley Labs have announced a partnership around bringing more crypto and blockchain knowledge to Zurich and supporting fintech startups working with crypto currencies or blockchain technology.
“We are pleased to partner with Crypto Valley Labs and are convinced that this cooperation creates highly valuable synergies. While our focus lies on driving innovation towards the fintech of tomorrow by supporting and guiding fintech startups from their ideas to successful companies, Crypto Valley Labs has been an important factor in Zug becoming an internationally renowned crypto and blockchain hub”, says Andreas Iten, co-founder and board member at F10 FinTech Incubator and Accelerator.
Crypto Valley Labs, its initiators Lakeside Partners and the sister company inacta have established a core service offering to the blockchain ecosystem consisting of early-stage investments, startup and corporate advisory, events (Blockchain Competition and Blockchain Summit – Crypto Valley), business coaching and technological delivery in topics of blockchain and cryptographic technologies.
“Game-changing potential” was recognized at an early stage
According to Iten, F10 FinTech Incubator & Accelerator has been monitoring crypto currencies and blockchain technology from the beginning and recognized the game-changing potential at an early stage. “With Crypto Valley Labs we have found the right partner to bring crypto and blockchain expertise to our startup programs and establish a stronger community in Zurich”.
A long-term goal of the partnership is to combine Crypto Valley Labs’ knowledge on crypto- and blockchain-specific startup acceleration and advisory with F10 FinTech Incubator & Accelerator’s know-how on coaching and connecting fintech startups with corporates. The partnership further enables F10’s reach into the heart of the Crypto Valley ecosystem. “At the end of the day, most startups in the fintech industry face the same challenges. We are looking forward to enhancing our network of corporates, startup mentors and investors and business or technology specialists by crypto and blockchain experts to provide better support and guidance for startups working in this field”, states Iten.
“The Crypto Valley has long grown beyond the city of Zug and spans to Zurich and across all of Switzerland and Lichtenstein. This partnership with F10 is proof of this scaling effect. The CV Labs’ crypto- and blockchain focused incubation program and the corporate venturing business of inacta and Lakeside Partners will fuse nicely with the offering of F10, enabling Switzerland’s leading position in the Fintech and Crypto innovation efforts to stabilize and extrapolate”, says Mathias Ruch, co-founder at Crypto Valley Labs and founder and managing partner at Lakeside Partners.
Zug-based Crypto Valley Labs has access to a co-working space at F10 in Zurich and vice versa. This workplace sharing facilitates the exchange of knowledge and know-how between the new partners. And because Blockchain is all about being connected, F10 FinTech Incubator & Accelerator’s co-founder and board member Andreas Iten is participating in the ecosystem panel at today’s Blockchain Summit organized by Crypto Valley Labs in Zug.