500 Startups, Huobi Labs to Incubate Blockchain Projects

500 Startups, the Silicon Valley startup accelerator, announced Tuesday it is partnering with cryptocurrency exchange Huobi’s incubator wing, Huobi Labs.

The two companies will support startups in various areas, including developing business plans, focusing on elements such as white papers, marketing strategies, community engagement and fundraising efforts, the accelerator said in a press release.

Huobi Labs will bring to the partnership its industry contacts, which are expected to help 500 Startups expand its blockchain “track” – groups of startups that receive industry-focused assistance. The startups chosen to work with the two firms will be part of 500 Startups’ “Batch 23.”

Edith Yeung, a partner at 500 Startups, said that, in partnering with Huobi Labs, “Our teams will learn so much especially around the ins and outs of how a digital exchange works.” […]

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