[image credit : ETC Labs]
Ethereum Classic Labs (ETC Labs), the incubator platform of Ethereum Classic (ETC), has once again demonstrated its dedication to accelerating mainstream blockchain technology adoption by pumping in a whopping $1 million into the UNICEF Innovation Fund via a partnership deal.
Terry Culver, CEO of Ethereum Classic Labs has hinted that the new alliance with UNICEF Innovation is a forward-thinking initiative, as the latter’s goal of transforming lives with innovative technologies is in line with its mission. Commenting on this, he said, “It’s a premier humanitarian organization and they share ETC Labs’ commitment in finding ways to use technology to help the people and to improve lives today and that’s something we really believe in.”
ETC Labs will invest $750,000 (£572k) directly in global startups that have graduated from the UNICEF Innovation Fund. Additionally, the blockchain companies selected from the UNICEF Innovation Fund portfolio will receive support for project creation from the developer team at ETC Labs Accelerate. The program provides developer training and mentoring to build products and services for a range of use cases of Ethereum Classic.
Under the partnership, ETC Labs will contribute an additional $250,000 to the UNICEF Innovation Fund. The investment will help them promote the creation of digital public goods and the adoption, use, and development of blockchain solutions across the ecosystem.
UNICEF has funded 39 startups in 23 countries and will continue to support early stage, open-source projects.