NEM Ventures launches NEM Ignite incubator

NEM Ventures, the venture capital and investments arm of the NEM blockchain ecosystem, has launched the NEM Ignite Incubator to provide mentoring and financial support for early-stage blockchain projects.

NEM Ignite aims to take new ideas and turn them into viable companies that enhance the NEM ecosystem and technology adoption. NEM Ventures will assist incubatees by fostering connections between participants, partners and industry professionals, while helping founders execute on their vision.

Participants in the NEM Ignite will have access to mentors who provide assistance throughout the virtual incubation process in order to prepare them for market entry, business planning and investment rounds. The intention is for all cohorts to be delivered virtually, with multi-lingual mentors which enables the relatively small NEM Ventures team to provide support to participants from diverse geographical locations.

Dave Hodgson, Director, and Co-Founder of NEM Ventures, said: “NEM Ignite has been developed to ensure companies that wish to build on the platform have the tools to best ensure their success. It represents an investment by the community in early stage companies who are building their future hand in hand with our ecosystem. With the NEM Symbol launch coming soon, it is a time for growth in the ecosystem and NEM Ignite is one of several ways that NEM supports projects building on our technology.”

NEM Ignite is due to open to applicants for the first cohort in Q2 2020, a further announcement will be made announcing the application process and exact dates. A beta cohort of pre-screened companies is being incubated at present to ensure the processes are all functioning correctly.