Swiss Accelerator Blockchain Propulsion Teams With Canton Schwyz To Support Local Blockchain Startups

Blockchain, News | August 29, 2019 By:

Blockchain Propulsion, a Swiss-based global accelerator program, has teamed with the canton of Schwyz to support the local blockchain ecosystem.

Headquartered in Zug (Crypto Valley) with Propulsion Hubs based in nine countries, Blockchain Propulsion offers expertise in business model design, token economics, legal and regulatory compliance, blockchain development, marketing, security, investor outreach, asset tokenization, Security Token Offering (STO) launchpad, workspaces, and a blockchain academy. The accelerator program is geared towards enabling early-stage startups, as well as existing enterprises, to develop blockchain-powered businesses and to raise capital through a variety of methods, such as STO, while providing market access for projects to scale operations internationally.

Under the long-term partnership, the Swiss-based accelerator will establish a new Propulsion Hub in the canton of Schwyz to assist startups and enterprises launch blockchain-powered projects. It will offer prospective projects specialist expertise and support in the blockchain/crypto space through its accelerator program. The goal is to build a vibrant local blockchain community.

“I’m delighted that the significant traction we have experienced continues to gain momentum with the opening of our new Propulsion Hub in Pfäffikon (SZ) – the economic center of Canton Schwyz with the lowest tax burden for corporations and private individuals, and well-known for hosting FinTech companies, hedge funds, private equity funds, asset management firms, and family offices,” said Stefan Deiss, Founder and CEO of Blockchain Propulsion. “As an integral part of our collaboration with the Office for Economy Canton Schwyz, we have signed a partnership agreement with the local workspace provider Wunderraum, offering flexible and affordable workspaces with modern infrastructure for our blockchain projects.”

Mathias Ulrich, Deputy Head – Office for Economy of Canton Schwyz, said that the Canton Schwyz stands to gain tremendously from an influx of ambitious and innovative blockchain projects.

“Our close collaboration with Blockchain Propulsion will undoubtedly strengthen the top credentials of Canton Schwyz as a business-friendly location and fertile ground for blockchain innovation,” Ulrich said. “This is the start of an exciting period of building our local blockchain ecosystem and enabling our community to participate in this new industry.”