Swiss-based global accelerator, BLOCKCHAIN PROPULSION establishes new Propulsion Hub in Canton Schwyz to assist local startups and enterprises launch blockchain-powered projects.
BLOCKCHAIN PROPULSION, a Swiss-based global accelerator program that assists startups and enterprises to develop blockchain-powered businesses, has announced a strategic partnership with the Canton Schwyz to support the local blockchain ecosystem. As part of the long-term partnership, BLOCKCHAIN PROPULSION will establish a new Propulsion Hub in the Canton, offering prospective projects specialist expertise and support in the blockchain/crypto space through its accelerator program and contributing towards building a vibrant local blockchain community.
Comprised of an international team of seasoned blockchain entrepreneurs, BLOCKCHAIN PROPULSION offers expertise in business model design, token economics, legal and regulatory compliance, blockchain development, marketing, security, investor outreach, asset tokenization, STO launchpad, workspaces, and a blockchain academy. BLOCKCHAIN PROPULSION’s 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, including Security Token Offering (STO), private equity placement, and traditional venture capital, while providing market access for projects to scale operations internationally through its Propulsion Hubs in key countries around the world (e.g. Switzerland, The Netherlands, United States, Brazil, Turkey, South Korea, India, China, and the UAE).
Stefan Deiss, Founder and CEO of BLOCKCHAIN PROPULSION, said: “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. 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, stated: “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. This is the start of an exciting period of building our local blockchain ecosystem and enabling our community to participate in this new industry.”
Elisabeth Hirtl, Co-founder and Managing Director of Wunderraum, said: “It’s great news that BLOCKCHAIN PROPULSION has selected Wunderraum as strategic partner for the provision of modern and fully serviced workspaces for its blockchain projects. We not only offer flexible coworking spaces, private offices, meeting rooms, and event space, but an ideal environment for startups to connect with like-minded entrepreneurs.”
Deiss concluded: “Today is another great example of our commitment to inclusiveness, offering equitable access to opportunities and networks to fuel the progression and adoption of blockchain and distributed ledger technology (DLT). We relish the opportunity to share our vast experience of the blockchain industry and contribute towards the growth of the blockchain ecosystem in Canton Schwyz, while fostering local and international projects to domicile in the Canton and benefit from its impressive investor-centric community.”
BLOCKCHAIN PROPULSION is a Swiss-based global accelerator program headquartered in Zug (Crypto Valley) with Propulsion Hubs based in Switzerland, The Netherlands, United States, Brazil, Turkey, South Korea, India, China, and the UAE. Established in 2018 by an international team of experienced blockchain entrepreneurs, the program offers a true end- to-end service, encompassing strategy, business model design, tokenomics, technology, legal, marketing, security, tokenization, investor outreach, workspaces, and a blockchain training academy. The accelerator program is backed by Switzerland Global Enterprise, Cantons Zurich, Zug, Uri, Schwyz, Greater Zurich Area, swissnex India, and the Crypto Valley Association.
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