Crypto venture firm IDEO CoLab unveils incubator program for DeFi startups

DeFi • December 17, 2020, 9:00AM EST
UPDATED: December 17, 2020, 9:01AM EST
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Crypto and blockchain-focused venture capital firm IDEO CoLab has unveiled an incubator program for decentralized finance (DeFi) startups.

The "DeFi Residency Program" had been running in stealth mode since June. The public launch is aimed at guiding more DeFi startup founders and converting their ideas into life.

Specifically, IDEO CoLab looks to help founders navigate through product, regulatory, and hiring aspects of building a startup.

There are currently 10 DeFi startups in the program, and three have already graduated: Futureswap, Fairmint, and PoolTogether. The current DeFi residents include decentralized savings and lending protocol Akropolis, governance management platform Boardroom, permissionless options protocol Primitive Finance, and synthetic asset protocol ARCx, among others.

Overall, IDEO CoLab has incubated and invested in over 30 crypto startups to date.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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