StateZero Labs launches blockchain lab, offers £50K equity-free funding

London-based blockchain lab, StateZero Labs, is opening its doors to its first cohort in January 2019.

The aim is to find, fund and support startup founders utilising blockchain technology to tackle real-world problems (e.g. ensuring provenance of pharmaceuticals, luxury items, art goods etc., excluding crypto).

Those selected to be in the first cohort, which will run for three months, will each receive up to £50,000 in the form of an equity free grant, cost-free office space, mentoring and one-to-one technical support from blockchain developers to learn how to utilise StateZero Labs’ PLUG blockchain technology.

Tazz Gault, Director and Co-Founder of StateZero Labs, which is supported by a range of companies including blockchain consultancy Qadre, says: “We’re committed to changing the face of early stage investing by putting startup founders first. We’re giving away £50,000 with absolutely no strings attached, so our founders can focus on building world-beating solutions for the future.”

“We’re not looking for ideas revolving around cryptocurrencies, but for people with ideas to tackle real problems. Whether it’s creating transparency in the supply chain to ensure medicines or luxury goods are genuine, or combatting the devastating impact of fast fashion by ensuring the provenance of ethically sourced materials, we want to hear from you.”

To apply, go to https://www.statezerolabs.com. Deadline for applications is 23rd November. Selection pitches will be held on 12th and 13th December, with results announced on 17th December.