According to Elizabeth Kukka, Program Director at ETC Labs, around 120 projects have so far applied to join its new incubator service for companies wishing to build upon the Ethereum Classic blockchain.
Initial invitations to join the program have been given to six projects who will be pitching their ideas at the ETC Labs official launch event in San Francisco later this month.
ETC Labs launch event is on October 25th in SF. I’ll be there. https://t.co/k6ZLcIW7jY
— Igor Artamonov (@splix) October 9, 2018
ITERATIVE TEST MODEL
ETC Labs was established to grow the Ethereum Classic ecosystem by helping startups wishing to develop on the ETC blockchain by providing technical support, direct investment and by connecting them to a network of investors and supporters.
This first cohort into the pilot program will test the incubator model and provide feedback to ETC Labs before the full roll out of the service goes live in the first quarter next year.
Kukka hinted that it was no easy task to select the first six projects from all of the applications as “… there were quite a few great ideas and startups. However, some of them stood out for their uniqueness and growth potential.”
Although she did not disclose the names of the projects, in the final analysis it was the “…technical capabilities of the team and their ability to build on the ETC blockchain” that made them the pick of the candidates.
The incubator program itself is expected to grow “…to support around 20 to 24 startups per year,” and this would involve “…supporting 10 to 12 startups at one time.”
A strong team of mentors to ETC Labs include ETC blockchain architect Igor Artamonov and IOHK Cardano’s Charles Hoskinson.