Hackspace Capital Seeks Investors to Invest in Innovative Technologies and Change the World for the Better

Hackspace Capital will launch an Initial Coin Offering on September 19, 2017 at 9:00 p.m. Singapore time (UTC +8).

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Sep 12, 2017, 13:36 ET

NICOSIA, Cyprus, Sept. 12, 2017 /PRNewswire/ -- Launched in 2017, Hackspace Capital aims to create a dynamic new bridge between the worlds of cryptocurrencies and hardware technologies. The company provides startups with multilayered support including organization of administrative processes, legal support, business consulting, coordination and supervision of the project's life cycle, marketing via its partner companies, scientiﬁc research, engineering development, and preparation for mass production. The company is launching an Initial Coin Offering (ICO) on Sept. 19, 2017 at 9:00 p.m. Singapore time (UTC +8). Fifty-one percent of all tokens will be offered for purchase to the public, under the symbol HAC.

Similar to other crowdfunding campaigns for hardware products, buyers of the Hackspace coins, known as HAC Tokens, will be entitled to use their tokens to acquire newly developed hardware products and services from the Hackspace portfolio of companies. However, unlike traditional crowdfunding campaigns, HAC Tokens will allow token holders to acquire not just one piece of a product in its design-to-manufacture stage but any product or service in the Hackspace portfolio at a 20 percent discount and three months before market entry.

Funds also serve as an online platform, where people can acquire products and services created and offered by the fund's startups. Currently, there are dozens of hardware startups in Hackspace's portfolio including HandEnergy, Smart Cup, Sleep Capsule, Smart Pourer, Circl, and more.

"Hackspace Capital's aim is establishing the world's best engineering ecosystem with the fastest and the most organized process of product realization from idea stage to mass production," says Oleg Kondrashov, CTO of Hackspace Capital. "We plan to add 30 new projects to our portfolio every year, which will constantly add value to our organization and increase the value of HAC currency."

Hackspace Capital has developed an exciting partnership with EnCata, the leading regional catalyst for hardware startups. This agreement has provided Hackspace Capital with the right to receive an exclusive ﬁrst look at EnCata projects. EnCata employs nearly 200 developers, design and manufacturing engineers, taking the most promising hardware startups from the 'good idea' stage to a company with completed 3D design, manufacturing documentation, bill of materials, and fully functioning prototypes ready for mass production.

EnCata's R&D centers are the heart of the company and where engineers develop new designs and manufacture sophisticated prototypes. All the facilities of the company are working under the philosophy of LEAN and Toyota Production System. Critically, for Hackspace Capital, EnCata engagements require three to six months of close working cooperation with the founders and management teams of the startups. Such cooperation allows Hackspace Capital and EnCata to evaluate professionalism of a young company, which is the main factor of success of any startup.

When a startup, led by EnCata, has advanced to the point where capital is needed, a referral to Hackspace Capital occurs. With assistance from EnCata, Hackspace Capital then carries out a thorough due diligence of the product, market, management team, and capabilities of the startup. In addition to seed funding for mass production, Hackspace Capital will assist the startup in branding of the product, creating unique photo and video content, developing a marketing campaign for a "loud launch" of the product on the international market, potentially creating and realizing a Kickstarter crowdfunding campaign (for market evaluation and analysis), performing viral media campaigns, and direct advertising of the product in physical and digital media space.

Hackspace Capital believes that blockchain technology and cryptocurrency are the future of transactions. Considering the anticipated growth of Hackspace Capital and the quantity of their present and future startups, the company expects that their HAC Tokens will become a convenient, liquid currency, enabling an accelerated development of innovative products. To learn more, visit Hackspace.capital

Media Contact: Dmitry Biran, [email protected]

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