In an official presentation, Ukraine's first online platform for investing in corporate innovation Block-chain.fund will be launched in Kiev on June 2, 2016.

During the event, a memorandum will be signed between Microsoft and BlackBox Capital company for the establishment of the first micro venture fund.

The online post explains that the Block-chain.fund is a micro venture fund which will guarantee transactions between companies and authors of ideas based on blockchain and Ethereum “smart contracts”. The use of these technologies allows the parties to guarantee the deal without signing a paper contract. Block-chain.fund will invest in innovative projects that can be implemented for 3 - 5 months.

“The project Block-chain.fund, any company can apply for a solution to the problem of all sizes with which she faced - from the development of a new logo design to solve complex technological problems. And anyone (author of idea) can offer the project to help solve this problem”, according to loosely translated version of the Facebook page.

During the event, representatives of the Fund will talk about the mechanism of Block-chain.fund project. Hope Vasilyeva, of General Manager, Microsoft Ukraine; Eugene Sarantsev, founder blockchain.fund; Stanislav Podyachev, the expert in the field of virtual currency; and Dmitry Shestakov , Vice President for Strategy and Development Clust-UA – are expected to speak at the event.