NEM Ventures Will Launch NEM Ignite Incubator Program

NEM Ventures, the well-known venture capital and investment arm of the NEM blockchain ecosystem, made an announcement today about the launch of its NEM Ignite Incubator Program. The new program will give mentoring and financial support for blockchain projects in its early stages.

NEM Ignite and its Incubator program will help in cultivating the growth of ideas that are meaningful into sustainable companies that will enhance the NEM ecosystem and technology adoption. NEM Ventures will assist blockchain projects by nurturing connections between the cohort participants, network partners, and industry professionals as per the NEM news today.

The participants in the NEM Ignite will have access to a mentor who has the goal of providing assistance during the virtual incubation process with the goal of preparing them for market entry, business planning, and investment rounds. The program also offers marketing, public relations and social media support throughout the NEM ecosystem channels, also participants can be given access to the development teams or some other trusted partners from technical prominence that are building the NEM blockchain and supporting projects.

The intention is for all cohorts to be delivered virtually, by multi-lingual mentors that make the relatively small NEM Ventures team able to provide support to participants from various diverse geo-locations. The director and co-founder of NEM Ventures Dave Hodgson stated:

 “The NEM ecosystem has taken many positive steps since its launch in 2015, and NEM Ignite has been developed to ensure companies that wish to build on the platform have the tools, support, and relationships 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 major growth in the ecosystem and NEM Ignite is one of several ways that NEM supports projects building on our technology. With blockchain being a relatively new industry, there are few places to turn to for advice or guidance and the incubator will help nurture meaningful ideas into projects, and we intend to help fill that gap.”

Speaking on the subject of potential applicants, Dave Hodgson said, “We encourage those who believe they have a truly differentiated product and long-term vision to apply to NEM Ignite. We’re interested in working with meaningful projects, those who will have the ability to make a difference to the future adoption of blockchain.
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If this describes you and your business, we urge you to apply.”