Blockchain lab for startups StateZero Labs to offer £50k equity-free
by Startacus Admin
London-based StateZero Labs, the world’s first dedicated Blockchain Lab for startups, will be opening its doors to six selected startups as part of its first cohort in January 2019. With applications open until 23 November, we take a look at the latest addition to London’s exciting technology community.
Based in King’s Cross, StateZero was founded earlier this year by Tazz Gault and Katie Mills, both of whom have an impressive track record in scaling high-growth startups. Its mission is to find, fund and accelerate the potential of outstanding founders using blockchain for business applications. Its chosen startups will move in to StateZero’s office space for an intensive three-month programme, which will provide founders with everything they need to scale quickly.
Perhaps most excitingly, and in a move away from the traditional accelerator model, the programme will offer chosen startups a £50k equity-free grant. StateZero’s only requirement is that its startups use PLUG, a proprietary, proven framework to build production-ready blockchain systems for practical application. It’s a win-win for its portfolio companies, with access to leading blockchain technology, plus a substantial capital injection to help them build world-beating products.
Crucially, StateZero is on the hunt for businesses using blockchain to solve pressing real-world issues. It has stressed that it is specifically not looking for cryptocurrency 
solutions, believing that blockchain technology has business potential that extends far beyond crypto.
Co-founder Tazz Gault explained that her team is ‘looking for founders with ideas to tackle real problems. Whether it’s creating transparency in the supply chain to ensure medicines or luxury goods are genuine, or combatting the devastating impact of fast fashion by ensuring the provenance of ethically sourced materials.’
Fellow co-founder Katie Mills added, 'we are looking for a unique enterprise solution using blockchain technology with a team that have an exclusive understanding into the industry they are trying to sell to.
'We are on the hunt for companies that are either looking for blockchain technology to be incorporated into their products, or are not happy with the current infrastructure they're currently using as it doesn't solve their needs. We have our dedicated framework for them to use as part of the programme.
‘’There are a lot of misconceptions surrounding the use of blockchain technology. We want to debunk the myths 
whilst also providing the ideal environment for founders to build their enterprise solutions, whether that is by providing funding, our office space or access to our global network.’
Teams will need to have a minimum of two co-founders, and one of the team members will need to have basic coding ability in order to use PLUG itself.
Applications to join StateZero are open until 23rd November, with shortlisted startups then invited to pitch on the 12th and 13th December. The three-month long programme kicks off on 14th January 2019.
To contact the StateZero team visit StateZero Labs, for more inspiration read over this recent interview with StateZero Director Tazz Gault and head directly to F6S if you are all ready to apply. Best of luck!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Bwalya Kasase, Business Process Consultant at Rebel Energy shares insights on how the renewable energy supplier uses digital workers to improve the customer experience
Peppy secures major investment to help scale its existing menopause, fertility, pregnancy and early parenthood support, and support the introduction of a range of new services.
One Year No Beer, the alcohol-free support service fundraises to scale its business following reports indicating huge surge in alcohol-related deaths since Covid.
The lowdown on Junk Kouture, the Irish-based global platform that's on a mission to unleash the creative brilliance of young people
Considering selling your startup's tech innovation to the healthcare industry? These tips from Evelyne Priestman, Health Economist, Health Enterprise East should help...
Wilton London exceeds crowdfunding target to support its aim of becoming the UK’s number one eco household cleaning brand
TestGorilla is a startup that's on a mission to help you identify the best candidates and make your hiring decisions faster, easier, and bias-free
Major investment for her1, the digital health impact company that's dedicated entirely to female wellbeing...
Major boost for the NI economy as nanotechnology consortium, Smart Nano NI awarded £42.4m by the Strength in Places Fund to support development of new technology for medical devices, communication and data storage.
As the pandemic may still have an impact on your business in the long term - here are a few things to consider...
Published on: 15th November 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Peppy Raises £6.6M for its digital health platform 27th Jul 2021 Peppy secures major investment to help scale its existing menopause, fertility, pregnancy and early parenthood support, and support the introduction of a range of new services.
- One Year No Beer launches new £500K crowdfunding campaign 26th Jul 2021 One Year No Beer, the alcohol-free support service fundraises to scale its business following reports indicating huge surge in alcohol-related deaths since Covid.
- Smart Nano NI awarded £42.4m funding from UKRI 22nd Jul 2021 Major boost for the NI economy as nanotechnology consortium, Smart Nano NI awarded £42.4m by the Strength in Places Fund to support development of new technology for medical devices, communication and data storage.
- Ntropy Raises $3.2M for its innovative data platform 20th Jul 2021 Ntropy secures major investment to help with expansion of its team, support market growth and future product development.
