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Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa
Switzerland’s State Secretariat for Economic Affairs (SECO) is reportedly helping Crypto Valley Venture Capital (CVVC), a blockchain business incubator, set up an office in South Africa. According to SECO, this move fits with Switzerland’s policy of supporting private firms that seek to help African blockchain start-ups.
Funding for Successful Applicants
According to a Swissinfo report, CVVC will fund the best blockchain start-ups “in South Africa, Nigeria, Kenya, Rwanda, Congo and other countries.” The report adds that the initial five successful applicants will each receive $125,000 (CHF114,000) from the incubator while SECO will also chip in with a contribution of over $270,000 in the first year of the project.
5/6/2021
(Adds detail, background.)
ZURICH, May 6 (Reuters) - The Swiss government said on
Thursday a U.S. announcement that it would support waiving
intellectual property rights for COVID-19 vaccines was
significant but left many questions unanswered.
President Joe Biden on Wednesday threw his support behind
waiving intellectual property rights for COVID-19 vaccines and
his top trade negotiator, Katherine Tai, backed negotiations at
the World Trade Organization.
Switzerland s State Secretariat for Economic Affairs (SECO)
said in an emailed statement: This is an important announcement
by the U.S., but many questions remain unanswered about the
specific solutions it is considering in this context.
UPDATE 1-Switzerland says U.S. stance on vaccine patent waiver leaves questions Reuters 2 days ago
ZURICH, May 6 (Reuters) - The Swiss government said on Thursday a U.S. announcement that it would support waiving intellectual property rights for COVID-19 vaccines was significant but left many questions unanswered.
President Joe Biden on Wednesday threw his support behind waiving intellectual property rights for COVID-19 vaccines and his top trade negotiator, Katherine Tai, backed negotiations at the World Trade Organization.
Switzerland s State Secretariat for Economic Affairs (SECO) said in an emailed statement: This is an important announcement by the U.S., but many questions remain unanswered about the specific solutions it is considering in this context.
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