Startups accelerator from the Silicon Valley 500 Startups announced the conclusion of an agreement with the division of the Huobi exchange, pursuing the same goals, Huobi Labs. This is reported by Coindesk.
Both organizations will support start-ups in various aspects, including helping them in drafting business plans, white paper, marketing strategies, engaging the community and attracting funding.
Huobi Labs will provide its links in the blockchain space, which will help 500 Startups program participants to work more actively with this technology. The group of startups included in the joint program Huobi Labs and 500 Startups, will be called Batch 23.
Our teams will learn so much especially around the ins and outs of how a digital exchange works.
Partner, 500 Startups
The founder of Huobi Labs, Junfei Ren, said that his company will work with the participants of 500 Startups and Batch 23 to "provide maximum assistance and support to all new projects".
500 Startups is an early investor in several crypto-currency projects. However, the company refuses to participate in the ICO, citing financial and legal risks.