Ohio funds will pour over $300 million into blockchain startups through 2021, Northeast Ohio daily news outlet Cleveland.com reported Dec. 3, quoting executives.
Speaking at the ongoing Blockland Solutions conference, nonprofit JumpStart CEO Ray Leach announced that a total of seven funds were primed to invest $100 million in “early-stage startups that focus on using blockchain technology for business or government.”
Another $200 million was being considered by “additional investment teams” for blockchain outfits working within Ohio’s social welfare projects, dubbed “Opportunity Zones.”
Separately, local venture fund FlashStarts wants to contribute $6 million in the form of a pre-seed fund also geared toward blockchain startups.
The plans have not yet become official, Cleveland.com noted, with politicians at Blockland nonetheless buoyant at the prospect of enhancing Ohio’s appeal as an innovative tech environment…