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.
Clare Martin, Director of Blue Cactus Digital and Founder of Confident Tiger, shares her insights into the do's and don’ts of green marketing and how to avoid greenwashing.
It's a pretty challenging time to be a small business owner - these basic tips on what they can do to avoid closure whilst increasing profitability should help...
.jpg)
The Feast It mission to disrupt the global events industry continues thanks to €5m venture-led round.
Material Evolution raises $3.4m to support further development of its innovative and sustainable alternative to concrete
Moderating a panel discussion? Jon Lam from Toastmasters International shares his tips on how to do just that with ease
Magherafelt-based company SmartWorkPlus launches new range of products for enhanced facilities management, thanks to support from the Ulster Bank Accelerator Programme
Muddy Trowel is a London-based startup that's on a mission to enable all plant lovers to learn more about gardening,regardless of the size of their outdoor space.
SleepCogni is a Sheffield-based healthtech startup that's developing an innovative handheld device and SaaS platform to help provide a good night's sleep
Tesco and RangeMe partnership presents new opportunity for British suppliers to market their brands and grow their retail relationships
Exporting Founders is a new 12-week startup programme for NI-based early stage entrepreneurs, facilitated by Startacus, in partnership with Young Enterprise NI.
Published on: 15th November 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Further success for Feast It as it raises a €5m venture round 23rd Nov 2021 The Feast It mission to disrupt the global events industry continues thanks to €5m venture-led round.
- Material Evolution secures investment to help transform the foundation industries 23rd Nov 2021 Material Evolution raises $3.4m to support further development of its innovative and sustainable alternative to concrete
- Fintech insurance startup Nimbla raises £5.1m 3rd Nov 2021 London-based startup Nimbla secures investment to support scaling of its innovative invoice insurance business
- Future of Work, workplace and business solutions startups selected for Work: In Progress pitch comp 2nd Nov 2021 8 NI- and ROI-based startups with innovative solutions for the Future of Work, workplace and ways of working selected to pitch to the judging panel at Work: In Progress.
