The companies aim to assist new blockchain startups
On February 18, 2019, The Iota Foundation, the company released the cryptocurrency Iota (MIOTA), announced that it partners with startup incubator Nova.
According to the press release, shared with Cointelegraph, the purpose of the partnership is to fund new startups engaging “Iota Cofoundery” program (the part of the Iota’s platform) on Nova’s website, which concentrates on the startups at early stages. On Nova’s website, startups can work on their development and seed funding.
The new program will give the selected startups access to Nova’s mentoring program and will give chance to consult with a tech startup team, that reportedly has more than 20 consultants specialized in technology.
Nova has reportedly been one of cofounders in more that 80 technology startups to date. More than half of those startups are exist more than three years. As per information from Iota Foundation, the likelihood that a startup will last more that three years is about 10%, so the fact that more than 50% Nova’s startups successfully pass this point is substantial.
Author: Helen Darkhouse