ETHNews | Full Article
Yesterday at the Blockland Solutions Conference in Cleveland, Ohio, it was announced that technology funds JumpStart, FlashStarts, and several others plan to financially support nascent blockchain startups. Ray Leach, CEO of JumpStart, said his organization and six other groups want to invest $100 million, while FlashStarts is offering a $6 million pre-seed fund, according to a December 2 Cleveland.com report.
Investors are interested in startups that focus on blockchain’s role in business or government solutions. Indeed, these two realms – business and government – are Cleveland’s “niche,” according to Bernie Moreno, one of the key organizers behind the conference.
