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The blockchain industry is about to get a major boost in Ohio as two startup accelerators are making plans to pump some money in. First, JumpStart is making plans to channel over $100 million into new blockchain firms. The news was initially reported by Clevelan.com on the 3rd of December. The accelerators intend to invest in blockchain firms that are either focused on governments or businesses within the state.
At the same time, FlashStarts, another accelerator, is planning to invest $6 million to blockchain startups to help them raise pre-seed funding. Both accelerators announced their plans during the Blockland Solutions Conference that took place in Cleveland recently. The CEO of JumpStart, Ray Leach was the one who announced the funding round. According to him, some other investment funds are planning to invest up to $200 million into blockchain startups within the next few years. Keep in mind that this news has not yet been confirmed yet.
