The Silicon Valley startup accelerator, 500 Startups told today that it’s going to team up with Huobi Labs, crypto exchange Huobi’s incubator wing.
The both businesses are going to back startups in a variety of areas, such as developing business plans, paying much attention to community engagement, marketing strategies, white papers and fundraising efforts. That’s what the accelerator informed in a press release.
Huobi Labs will bring its industry contracts to the partnership. They’re anticipated to assist 500 Startups in expanding its blockchain “track.” That’s groups of startups getting industry-focused assistance. As a matter of fact, the startups picked up to cooperate with the two companies are going to join 500 Startups’ “Batch 23.”
A partner at 500 Startups, Edith Yeung uncovered that via teaming up with Huobi Labs, their employees will learn a lot, especially all the intricacies of how a digital exchange is carried out.
Junfei Ren, Huobi Labs creator told that the company would team up with Batch 23 as well as500 Startups to underpin new promising projects.