Mercy Corps Ventures Funds Blockchain Pilot Project, increases Diversity in their Portfolio

03/04/2023 00:13 • Blockchain Briefs • 78 views

It is reported that according to the official blog of Polygon Labs, Mercy Corps Ventures (MCV), a venture capital institution under Mercy Corps, a global development organization, has reached a cooperation agreement to fund the blockchain pilot project, launch a series of blockchain hackers, and hold a blockchain training camp roadshow. More than half (51%) of the founders of Mercy Corps Ventures portfolio are women. Last month, they also launched Crypto for Good Fund II, the second round of application has been opened and will end on March 31.

Polygon Labs and Mercy Corps Ventures have reached a cooperation

Analysis based on this information:

Mercy Corps Ventures (MCV), a venture capital institution under Mercy Corps, a global development organization, announced a collaboration agreement with Polygon Labs to fund a blockchain pilot project, launch a series of blockchain hackers, and hold a blockchain training camp roadshow, according to Polygon Labs’ official blog. The partnership reflects MCV’s desire to invest in the blockchain technology space and test out its potential to promote growth and development in emerging markets.

The blockchain pilot project will bring together developers, entrepreneurs, and investors to create, test, and scale solutions that address real-world problems in developing countries, such as financial inclusion, supply chain transparency, and identity management. The project aligns with MCV’s mandate to invest in companies and entrepreneurs with innovative solutions that generate social and environmental impact in low- and middle-income countries.

In addition to the blockchain pilot project, MCV also launched Crypto for Good Fund II last month, an initiative that provides seed funding to startups building blockchain-based solutions that can help address some of the world’s biggest challenges. MCV is aiming to increase diversity in its portfolio with the Crypto for Good Fund II, as more than half (51%) of the founders of Mercy Corps Ventures portfolio are women.

The blockchain training camp roadshow will provide training and mentorship to blockchain entrepreneurs and startups in developing countries. The hackathons aim to promote innovation and collaboration among blockchain enthusiasts, while also building awareness and interest in the field. These initiatives can potentially lead to valuable insights from entrepreneurs who are working to solve real-world problems, create jobs, and foster development in emerging markets.

In conclusion, MCV’s investment in the blockchain pilot project and Crypto for Good Fund II, in addition to their commitment to promoting diversity in their portfolio and educating entrepreneurs, demonstrates their dedication to aligning financial resources with social and environmental impact. Through these ventures, MCV is taking an innovative approach to supporting entrepreneurs in developing countries, facilitating problem-solving with blockchain technology, and building a diverse and sustainable portfolio.

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Mercy Corps Ventures Funds Blockchain Pilot Project, increases Diversity in their Portfolio

Polygon Labs and Mercy Corps Ventures have reached a cooperation

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