Los Angeles, CA-based Science, Inc., is to form a new blockchain incubator.
Science Blockchain represents a focused effort to operationalize, grow and monetize Blockchain technology and its applications. The investment focus of the incubator will be on companies developing and deploying Blockchain technology, in particular those that develop protocols that help companies ICO and help the ICO market mature.
Science Blockchain will be funded via an Initial Coin Offering (ICO).
The structure will give investors an opportunity to tak part in two ways:
– first, via a direct distribution of tokens issued by portfolio companies to incubator token holders, and
– second, by using a fixed percentage of returns from the sale of portfolio companies to buy back incubator tokens on the market.
The ICO offering is being managed by The Argon Group, via its subsidiary Argon Investment Management LLC, under the Regulation D Section 506(c) exemption from registration issued by the U.S. Securities and Exchange Commission.
Read additional info about the ICO here
Led by Founder and CEO Mike Jones, Science Inc. is a media, marketing and brand building firm that creates, invests, acquires and scales digital businesses. To date, Science Inc. has co-founded and invested in more than 70 companies, including Dollar Shave Club, DogVacay, HelloSociety, FameBit, Earny, Pray and Mammoth.