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Blockchain Centre formalises incubator program


The Blockchain Centre in Melbourne has launched a formal blockchain incubator program, said to be the state’s first.

The not-for-profit had been running a non-structured incubator – giving rise to the start-ups ACX, Coinstop, Daexs, Global BTC and Cloudbreak Asset Management – with Blockchain Global as a main investor.

“To better serve the needs of the industry our next step is to implement a structured program for early stage blockchain startups,” the Blockchain Centre said in a statement.

The 10-week program – dubbed Block Engine – will take on five start-ups twice a year. Participants will take part in regular workshops and, at the end of the program, pitch to investors including NEM Foundation and VC Capital.

The first five start-ups will begin the program in February. Applications close on January 31.

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