What we are looking for
We are always on the lookout for ground-breaking blockchain projects to disrupt legacy systems. We want founders looking to turn business-as-usual into the never-before-seen. We want entrepreneurs who eat, sleep and breathe their startup. We want the ambitious, the revolutionary, and the avant-garde. We want the unicorns of innovation. Blockchain is our passion, show us yours.
We are committed to changing the world. And we think blockchain technology will play a massive part in that change. That is why we are bringing the sharpest minds and the brightest ideas together under one roof: CV Labs.
At CV Labs, the blockchain incubator, we bring the world’s most innovative thinkers and technologists together to use the most cutting-edge technologies of today. No matter what stage you are at, whether a first-time founder or a fast-growing startup, we have plenty to offer to help you thrive.
CV Labs Incubation Program Batch_03 will start in October 2020.
CV Labs Incubation program
Welcome to your new home, blockchain startup founders. In CV Labs’ 12-week intensive Blockchain Incubator program, we equip founders with future-proof skills to test and expand their knowledge of technology and business.
From our rich experience in the startup space, we know how challenging it is to secure the next investment round and keep your dream alive. That’s why we’ve designed our program around three principles:
Pitching: Perfect your pitch deck and learn how to convince investors to join you in changing the world. Product: Rapidly turn your solution into a Minimum Viable Product (MVP) by the end of 12 weeks. Strategy: Graduate with a foolproof business plan and white paper in hand.
You will leave the program armed to the teeth with an outstanding pitch, an operational product, and a sound business strategy.
How do we do this? By pairing you with Crypto Valley’s greatest minds. You will learn, iterate, fail, pivot, pitch, and debate in a constructive environment of international, early-stage startups, all hungry to change the world for the better.
To make it more exciting, we will match you with an entrepreneurial mentor to help you get the most out of the program. Ready to join our incubator? Apply within f6s.
If you are just getting started in your journey, but your idea has parabolic potential, we recommend to apply to our incubation program. Startups that qualify will receive between 75'000 and 125'000 CHF in exchange for 10% in equity. You will receive 50'000 – up to 100'000 CHF in cash and 25'000 CHF in incubation services.
If you are further along with your idea, we will deploy up to 500'000 CHF. In order to understand our investment focus and criteria, we recommend reading our investment model section.
Early-stage startups apply for the incubation program through f6s.
Already have a working product and users? Talk to our investment team today.
Crypto Valley has a knack for cultivating genuinely revolutionary ideas. With more than 800 blockchain-related companies in our thriving community, the industry employs more than 4,000 of the planet’s most ambitious individuals.
We have access to the world’s top universities in blockchain technology and tokeneconomics from the Swiss Federal Institute of Technology (ETH), the University of Zurich (UZH), the University of St. Gallen (USG) and other groundbreaking centers of research.
Switzerland and neighboring Lichtenstein are also home to some of the most innovative crypto banks, tokenization platforms, exchanges, and custody providers. That is why industry-leading protocols like Tezos, Cardano, Dfinity, Cosmos, Casper Labs, and many others have made Crypto Valley their base of operations.
1. WHAT DOES CV LABS DO?
At CV Labs we love entrepreneurs. Together, we grow and enhance the global blockchain and crypto ecosystem by fostering public understanding, technology, and entrepreneurs. We will do that by promoting, developing and investing in the global crypto ecosystem via the CV Labs incubation program, our unique blockchain hub in the heart of Crypto Valley, various event series such as the CV Summit and meetups.
2. WHAT DISTINGUISHES CV LABS INCUBATOR FROM OTHER INCUBATORS?
CV Labs is the first and only blockchain incubator based in Crypto Valley. Besides the incubation and the activities around it, CV Labs has a unique ecosystem of co-working space which is home of more than 130 companies with some of the biggest names in blockchain, startups, corporates, and government agencies. Many well-known blockchain projects have chosen Switzerland and Zug to be their home, for reasons of stability, beneficial regulatory environment and the density of blockchain companies. If you are building a blockchain startup – Switzerland and Zug is a place to be.
3. HOW DO I GET FUNDING FOR MY STARTUP?
If you are an early-stage startup looking for funding then apply to the CV Labs incubation program. Apply through f6s. If you are in a later stage, then get in touch with our investment team. We will be happy to review your pith deck.
4. HOW MUCH DO YOU INVEST?
CV VC invests up to $125K in early-stage startups in exchange for 10% in equity. Early-stage startups join CV Labs Incubation Program and go through a three-month program in the heart of the Crypto Valley. Startups in a later stage can expect a direct investment of up to $500K and above.
5. DOES IT COST SOMETHING TO PARTICIPATE IN THE INCUBATION PROGRAM?
We charge $25K per company to take part in CV Labs Incubation Program. These fees will be deducted from the amount invested in your company. As mentioned above, our gross investment is $125K. Once program fees are deducted, the startup receives $100K. As part of the incubation program, you will receive cash stipends for expenses during the program.
6. Do you only fund startups that write software?
Generally, yes. We have made investments in hardware solutions touching on usability and security, as the exception to the rule.
7. WHEN ARE THE EXACT DATES FOR THE NEXT BATCH?
Usually, we have two batches per year, one starting in Spring and one in Autumn. Follow our website for more information as well as our social media - especially the LinkedIn page of CV Labs.
8. I’ve applied and haven’t heard back! When will I get an answer?
The CV Labs and CV VC team are constantly evaluating startups. Towards certain deadlines, we receive large numbers of applications and can not immediately respond to every submission or request. Participants selected for evaluation are notified in a timely manner to set up calls and pitch sessions.
9. Can a single person apply for funding?
You can be a single founder and apply to our incubation program. However, VC investors place a high value on teams they invest in. In general, you have a higher chance of funding if you have a team formed at the time of application.
10. CAN WE APPLY FOR THE INCUBATION PROGRAM & DIRECT FUNDING MORE THAN ONCE?
Of course. If you haven't received a positive response the first time, we strongly encourage you to continue working on your idea and get in touch with us again.
11. DO I NEED TO SUBMIT A BUSINESS PLAN?
No, unless we ask you for it. Submit a pitch deck, let us evaluate it and we'll get in touch if we need more information.
12. MY TEAM OUTSOURCES SOFTWARE DEVELOPMENT. CAN WE STILL APPLY FOR CV LABS INCUBATION PROGRAM?
Yes, we encourage you to apply. We have funded several companies which have outsourced software development. However, we do believe it is best to have technical skills inhouse.
13. Do we need to incorporate before applying?
You do not have to be incorporated to apply to the CV Labs incubation program. However, investments are only made into legal entities, therefore you have to incorporate the latest during the incubation program.
14. I ALREADY RAISED FUNDS FOR MY STARTUP. CAN I STILL APPLY FOR FUNDING BY CV VC?
As long as you haven't raised Series A funding, you should get in touch with us.
15. If we participated in another PROGRAM, can we APPLY for CV Labs Incubation Program?
Yes, you can participate in the CV Labs incubation program even if you have been accepted or were part of other incubation programs.
16. DO I HAVE A CHANCE TO ENTER THE INCUBATION PROGRAM IF I AM FROM ABROAD?
Our investment focus is global and we have invested in startups from all corners of the world.
. We are happy to consider funding your idea no matter where you are based.
17. IN CASE WE ARE SELECTED FOR THE CV LABS INCUBATION PROGRAM, DO WE NEED TO MOVE TO SWITZERLAND?
You will be required to be in Switzerland for the duration of the program. We provide office space for two team members of each startup.
18. WHERE WILL WE LIVE DURING OUR STAY IN SWITZERLAND?
You are responsible for finding accommodation for your team. We don't provide accommodation. CV Labs offices are based in Zug. You can choose to stay either in the Zug area or in Zurich, which is about 30 min train ride. Zug is smaller and calmer, while Zurich is a city with lots to do and experience. Switzerland has an excellent railway network, so many people commute from Zurich to Zug on a daily basis.
19. WE HAVE A BIG TEAM, WHO HAS TO MOVE TO SWITZERLAND?
We provide office space for two team members of each startup. We usually recommend that the co-founders are present during the program. During the tech week, you can also bring your CTO if she/he is not one of the co-founders. We highly encourage you to work from our offices. In the evening we have a lot of events so it is a place to be to expand your network with Blockchain startups and corporates which are active in Blockchain.
20. Do I need to be there (In Switzerland) the entire time?
We expect at least two founders to be present during the entire program. Keep in mind that Switzerland has one of the most important Blockchain ecosystems in the world and you can uniquely benefit from interacting with entrepreneurs, protocols, and corporates in our space.
21. WHO ARE THE MENTORS AND TEACHERS?
Each startup team will work closely with one or two mentors. Special guests and experts will join the program for specific inputs.
22. How can we get funding after the incubation program?
As CV VC is an early-stage seed investor, it is critical that our portfolio companies are able to raise more capital to continue building and growing their company. We have a large network of VC and other investors interested in looking at companies graduating from our incubation program.
23. I WANT TO BE A MENTOR IN CV LABS INCUBATION PROGRAM.
We are always happy to meet new experts and consider potential collaboration. Send us your info and we will get back in touch with you.
24. I KNOW A GREAT COMPANY WHICH YOU SHOULD FUND. HOW CAN I LET YOU KNOW?
Please send us an email with more information. Our investment team will be happy to check out your recommendation.
25. WHAT IS THE CRYPTO VALLEY ECOSYSTEM AROUND ZUG?
Crypto Valley is an area in Switzerland and Liechtenstein centered around the blockchain cluster in Zug with over 800 companies. It has a formidable role in the worldwide development of crypto and blockchain with many major companies founding and launching in the Crypto Valley. More info: