The Chief Project Officer at Lisk, Mr. Dominic Schwenter, has declared that the firm's Blockchain Incubation Hub is here to solve the problems technology entrepreneurs face as barriers like limited access to finance and expert mentorship, reports ITREALMS.
A press statement available to ITREALMS on Wednesday, Schwenter said that Lisk’s Blockchain Incubation Hub intended to solve these issues.
Lisk and CV Labs have launched the Lisk Blockchain Incubation Hub to support African entrepreneurs in developing high-quality blockchain solutions tailored to the African market.
Projects, he also said, will be pre-vetted by VC professionals with 10+ years of blockchain investment experience.
Selected projects, he said, could receive up to USD 2m, about N2,803,560,000.00 in Lisk grants and benefit from the lowest L2 fees available.
Participants will receive expert mentorship, strategic market expansion support, and facilitated investor engagements to enhance market presence and investment readiness.
Successful projects will join Lisk and CV Labs' extensive global community of industry veterans, investors, and partner networks for ongoing growth opportunities
Lisk is a fast and scalable Layer 2 (L2) network secured by Ethereum. As a member of the Optimism Superchain, Lisk provides builders and users some of the cheapest fees possible in the Ethereum ecosystem (currently sub 1 cent) and is actively contributing to the larger Superchain mission of onboarding the next 1 billion people to Web3. Lisk's strategic decision to focus on emerging markets stands as a testament to its commitment to innovation and inclusivity. By prioritizing these regions, the team acknowledges the transformative potential they hold for the global community.
Dominic Schwenter, Chief Project Officer at Lisk, speaking of the incubation program, said “As an established infrastructure project, that has long focused on making Web3 technologies more accessible to builders and users around the world, we fully understand the tremendous opportunity the African continent represents for the future of the blockchain industry.
"By working with established partners such as CV Labs and its VC pillar, CV VC, we intend to bring our mutual excellence to support African pioneers who harness ingenuity to empower their communities. Blockchain is the engine for propelling local economies across the continent and we are well aware of the great quality of the developer community in Africa. There’s no one better to solve challenges than local developers, founders, and entrepreneurs,” he said.
Chuks Egbune/Editor
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