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Ray Leach, the president of the venture business development company JumpStart, announced that his organization, jointly with six other funds in Ohio, intends to allocate more than $100 million to support blockchain startups, Cleveland.com reports.
Leach added that all funds are interested in investing in projects based on distributed ledger, especially if they are applicable in the field of public administration or business development. For example, it could be a blockchain startup for storing government documents, Leach said. Moreover, another local venture fund and accelerator for business, FlashStarts, announced the pre-seed funding in the amount of $6 million for blockchain projects.
