Morningstar Ventures Aims To Back Ambitious Startups The firm aims to provide full-fledged financial and strategic support to promising blockchain startups in its efforts to boost the mainstream adoption of the technology

By Srivatsa KR

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Handout

The digital asset and blockchain industries today are home to some of the most innovative startups in tech history. With the right kind of backing and support, these startups have the transformative potential to redefine the world's major industries. In this regard, the investment firm Morningstar Ventures headed by CEO Danilo S. Carlucci is on the constant lookout for such innovative projects.

The firm aims to provide full-fledged financial and strategic support to promising blockchain startups in its efforts to boost the mainstream adoption of the technology. Morningstar Ventures already has an illustrious portfolio, supporting projects such as Polkastarter, Ethernity, Stepn, Xdefi, Covalent, Lithium, etc. To take things a step further, the investment firm in October 2021, pledged its support to the Web-scale blockchain Elrond and committed $15 million to empower startups building its ecosystem.

Morningstar has directed its internal resources to set up an incubator based in Dubai for the Elrond network to help build its global community and educate the masses about the new-age blockchain network. Itheum, the open metaverse data platform is the first of the many promising projects that will be fostered in this incubator.

"Our incubator initiative is committed to building Elrond's global ecosystem and introducing the world to the next phase of technological advancements. Itheum is our point of inception for Elrond Dubai Incubator," says Danilo.

Focused on early-stage token and equity investments, Morningstar Ventures is poised to play catalyst to the digital revolution and positions itself at the helm of innovations to bring not just new startups but also an influx of new users into the blockchain space.

Srivatsa KR

Start-up enthusiast & Blogger

Related Topics

Leadership

If You Want People to Follow You, Stop Being a Boss — 8 Steps to Truly Effective Leadership

Understand the key differences and embark on the journey from boss to leader with these eight vital steps. This article unveils how to inspire and lead teams with passion and purpose.

Technology

The Semiconductor 'FOMO'

The current push to develop India into a semiconductor manufacturing hub through PLI and DLI schemes under the umbrella of India Semiconductor Mission (ISM) is a step in the right direction. However, the transition period for India to develop an end-to-end footprint in the semiconductor value chain will need a decade

Leadership

Why Most People Fail at Giving Presentations — and How to Make Your Next One Successful

Here's what I learned guest lecturing at Stanford: You can become a better presenter by following the "Two Points per Hour Rule."

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.

Technology

Israel Hamas War: Effects On Indian Semiconductor Industry

Israel is one of the few places outside of East Asia where advanced chip production is done. This conflict has disrupted supply chains, logistics and even the availability of skilled labor. For India, this scenario could also present opportunities: If global companies seek to diversify their risk by not over-relying on a single region, India could position itself as an alternative destination for semiconductor manufacturing and R&D

Business News

Man Sentenced to Prison After Secretly Filming Airbnb Guest in Shower, Threatening Her With Footage

The incident took place in 2020 in a Ceres, California home the guest shared with the owner's son.