SparkLabs plans to establish a cybersecurity and blockchain program in Washington, D.C. from 2019. Called “SparkLabs Cybersecurity + Blockchain”, it will use the investment group's standard approach that sees specifically chosen companies offered $50,000 for up to 6% equity. Firms struggling or operating on little money will be prioritised, with the general focus on enterprise-led technologies rather than cryptocurrency. The firm is also working on an initiative called “Cryptocurrency as Insurance” which aims to provide insurance against digital currencies such as bitcoin by offering them through its own platform. Start-up specialists Brian Park and Mike Bott will manage it, with advisors coming from brands including Microsoft and LinkedIn.
SparkLabs plans to establish a cybersecurity and blockchain program in Washington, D.C. from 2019. Called “SparkLabs Cybersecurity + Blockchain”, it will use the investment group's standard approach that sees specifically chosen companies offered $50,000 for up to 6% equity. Firms struggling or operating on little money will be prioritised, with the general focus on enterprise-led technologies rather than cryptocurrency. Applications will be accepted from January with the inaugural selection of companies starting the program in March. Start-up specialists Brian Park and Mike Bott will manage it, with advisors coming from brands including Microsoft and LinkedIn.