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London-based blockchain accelerator StateZero Labs announces the selection of its first cohort

London-based accelerator StateZero Labs, the world’s first solution-led blockchain Lab for startups, today announces the selection of its first cohort: with seven startups chosen from the 19 that advanced to pitch day.

Among the companies selected are startups aiming to use blockchain to disrupt ‘business as usual’ in well-established fields such as housing, fund management and the music industry, as well as optimising the supply chain in the container shipping sector.

There are also those who are enabling the creation of solutions to social & environmental challenges, platforms for reinforcing positive behaviour and inventive approaches to complex business process and operational issues.

The seven winners will each receive up to £50,000 in the form of an equity-free grant, mentoring by business leaders in the field, as well as one-to-one technical support from world-class blockchain developers to hone their offerings. The cohort will be based at StateZero Lab’s new office space in Kings Cross, London.

The equity-free model is part of StateZero Lab’s mission to help level the playing field for startups and allow founders more freedom. By providing funding up front, with a view to investing once the programme is complete, each party can perform the necessary due diligence and ensure the partnership is the right fit.

Tazz Gault, Director and Co-Founder of StateZero Labs, said: “The volume and quality of applications received, and the sheer range of different use cases from our final seven proves that there’s some incredible innovation in this space. Blockchain really can be used for business, and we hope by bridging the gap between humanity and tech, we’ll help to fizzle out the noise.”

Katie Mills Director and Co-Founder of StateZero Labs, said, “Our ‘founder-first’ model is central to our values and what we are trying to achieve. We believe that a healthy founder equals a healthy business and to that end we have designed a complete wellness package which we encourage all of our startups to engage with alongside their business programme.”

The seven successful applicants for the first cohort are:

• Super Global - enables impact organisations to develop, fund and build breakthrough technology solutions to the world’s most pressing social & environmental challenges.

• Deputi - helps business grow by making the boring but necessary operational tasks easy; increasing efficiency and reducing costs, time and the anxiety of having to deal with operational stuff. Deputi is your business companion.

• Ehab - aims to disrupt the construction sector by building a data and process management tool that ensures sustainable and efficient operation of projects; from inception, to completion and post-lifecycle.

• resonate - Helps businesses capture positive actions across their organisations and calculate their impact, using game design and behavioural science to bring about long term change and purpose to company culture.

• TokenBlocks - brings fund management into the 21st century with its own transfer agency network, reducing operational costs by up to 30% and managing all fund data across all service providers on a single enterprise-friendly distributed ledger.

• Remixology - the world’s first marketplace for creating a balanced market offering parity between key stakeholders involved in the art and commerce of remixing music.

• eTEU - documentation process optimisation and digitalisation in the container shipping industry.

The programme is designed to arm entrepreneurs with the capital, tools and advice to build meaningful companies with global impact. The three-month programme has been created to offer founders the most powerful conditions to thrive.

This was posted in Bdaily's Members' News section by Harry .