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Technology funds in Ohio will make hundreds of millions of dollars available to blockchain startups, JumpStart CEO Ray Leach announced. JumpStart, along with six other funds from across Ohio, plans to invest $100 million in early-stage startups that focus on using blockchain technology for business or government, like using the online ledger system to store government documents. FlashStarts, a local venture fund and business accelerator, also announced a $6 million pre-seed fund for blockchain startups.
Though nothing official has been announced, Leach also said additional investment teams plan to make $200 million over the next three years available for blockchain companies that take advantage of Ohio’s “Opportunity Zones.” The zones provide tax incentives for investors advocates hope could spur economic development in poor neighborhoods.
