Science Blockchain Incubator to Partner with TaaS Fund
Science Blockchain, an incubator focused on sponsoring and growing companies in the blockchain space, has recently launched its ICO and has now announced a strategic partnership with Token-as-a-Service Fund, the tokenized, closed-end fund dedicated to crypto-assets. In doing this, the companies seek to reduce the risks and technical barriers of investing in the blockchain space.
The Science Blockchain platform is leveraged to develop new businesses, provide emerging start-ups with operational strategy and capital and transform later-stage Internet ventures with new talent and innovation. To date, the company has co-founded and invested in more than 70 companies, including Dollar Shave Club, DogVacay, HelloSociety, FameBit, Earny, Pray and Mammoth.
By working with TaaS, Science and its investors will potentially benefit from greater visibility, investment and liquidity from incubated projects with TaaS’ platform features that simplify and secure token investment — making it easier for investors to do things such as enter and participate in ICOs and the crypto-space in general. TaaS, on the other hand, will be better able to leverage more early-stage, higher-quality project investments, with Science Blockchain’s legal, technical and operational experience.
Founder of Science Blockchain, Greg Gilman stated: “When we met the TaaS team in their hometown of Kyiv at the d10e Conference, we knew a partnership might work beautifully for us both. Both Science and Taas are founding members of the Blockchain Investors Consortium (BIC) and share the view that blockchain technology can and should grow into a mainstream platform for a wide variety of business applications. For that to happen, however, funds like ours, as well as our investor bases, need to lower the barriers to greater sophistication, better tools and more mature approaches to how we identify, support and scale portfolio companies. TaaS understands this and executes against it as a core part of their business — especially the way their platform simplifies and secures token investment. They’ve also successfully practiced what they preach by using an ICO to support their leadership in making cryptocurrencies easier to leverage and navigate. They are one of the first post-ICO blockchain projects to have produced incredible returns and we are excited to leverage each other’s strengths.”
Ruslan Gavrilyuk, Co-Founder and President of the Taas Fund, added: “TaaS helped pioneer the idea of a token-as-a-service business, and Science Blockchain’s commitment to scaling innovative applications of blockchain tech is a perfect opportunity for the kind of partnership for which we designed our fund — financially sophisticated tech entrepreneurs looking to create mainstream value from an emerging technology. We think the Science Blockchain model is an elegant and sophisticated way to help create numerous quality blockchain businesses, and the SCI token itself is both unique and potentially very valuable as an investment vehicle. We look forward to working with Science and its portfolio companies on improving the business use cases of blockchain technologies, cryptocurrencies and ICOs.”
Advisory Board member to both TaaS and Science Blockchain and Founder of BIC, Mike Costache commented: “When two experienced, professional teams come together from the West and from the East around a shared set of goals, they are bound to create more value that they could individually. Having worked closely with TaaS’ founders since before their ICO (March-April, 2017), we created a high standard for due diligence after looking at over 200 ICOs and invested in 14 so far. I look forward to Science Blockchain making co-investments alongside TaaS and the other crypto hedge funds.”
