Independent Reserve launches Sydney Blockchain hub
Cryptocurrency exchange Independent Reserve has started up a blockchain innovation hub and coworking space in Sydney to help support startups as they enter into the market.
Known as IR Ventures, the 280 square metre-site in North Sydney offers its tenants support from the Independent Reserve team, partners and investors until they are ready to expand beyond the hub.
The firm will identify, invest in and support up to 24 Australian companies in early commercialisation stages as part of its selection processes.
Mentors involved with IR Ventures include Independent Reserve CEO Adrian Przelozny and other members of the executive team, Mike Bacina of law firm Piper Alderman, Martin Rogers of venture capital firm KTM Ventures, research and development adviser Nick Falzon of PKF, and Paul Kang, co-founder of application security startup Entersoft.
Independent Reserve CEO Adrian Przelozny said the launch demonstrated his company’s commitment to helping nurture the next wave of blockchain startups in Australia and unlocking their potential.
“When we founded Independent Reserve in 2013, the blockchain ecosystem in Australia was non-existent; we knew something had to change,” Mr Przelozy said.
“We had a vision of helping accelerate blockchain innovation in Australia which underlines our core purpose at Independent Reserve — helping foster a vibrant and thriving community behind blockchain entrepreneurship and innovation.”
Mr Przelozy said the company was started to ensure blockchain innovators in Australia could be recognised and continue to spur on the adoption of digital currencies to make them mainstream.
“IR Ventures extends on that vision and our commitment of working towards one common goal: developing our local blockchain ecosystem and strengthening Sydney’s credentials as a regional hub for blockchain innovation,” he added.
The goal of IR Ventures is to create a community and a supportive environment for driven teams to benefit from each other and Independent Reserve’s learnings, capital, partners and exchange, Mr Przelozny said.
Applications are now open for interested parties to become members.
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