IOST Partners with Enterprise Singapore to Develop Blockchain Startups

Asia Blockchain Review
May 31, 2019

The IOST Foundation recently issued a press release revealing that it has entered a strategic partnership with Enterprise Singapore and regional blockchain incubator Hashed Venture Labs to develop the local blockchain ecosystem and support blockchain startups in the country.

The IOST Foundation revealed that it will work with Enterprise Singapore to expedite blockchain adoption while bringing out the potential of small- and medium-sized enterprises in Singapore through the use of blockchain technology.

Enterprise Singapore — a government agency promoting enterprise development — works with businesses to build capacity, innovate, and internationalize. The agency also aims for Singapore to grow as a center for innovative startups.

The Singaporean government offers support and incentives to local and foreign companies with core businesses based in the country, reinforcing the city-state’s role as a launchpad from which to expand in the region.

 Edwin Chow, Assistant CEO of Enterprise Singapore, said that to demonstrate the agency’s commitment and determination to drive growth among blockchain startups, Enterprise Singapore will offer startup grants worth S$30,000 to founders launching innovative blockchain solutions.

Moreover, the agency will fund qualified startups with overseas expansion grants worth S$20,000 and investment rounds provided by its venture capital arm, SEEDS Capital, worth up to S$4 million.

IOST — through its partnership with regional blockchain incubator Hashed Venture Labs — will play a role in evaluating and recommending potential Singapore blockchain startups for startup grants from Enterprise Singapore, which will further drive the growth of the country’s blockchain ecosystem.

Source: bitnewstoday.com

Related Article
Nintendo Switch’s Cooking Mama Employs Blockchain Private Keys
The popular cooking game, Cooking Mama, soon to be rebooted for the Nintendo Switch later this year,...

August 20, 2019

Blockchain Platform VeChain to Ensure Transparency for China’s Wine Industry
Blockchain project VeChainThor is collaborating with a major importer in China to develop an authent...

August 19, 2019

Gaming Platform Enjin Signs a Partnership with HashPort Accelerator to Enter Japan
Leading blockchain-based gaming platform Enjin has announced a strategic partnership with Japanese H...

August 18, 2019

Singapore’s Central Bank Introduces Sandbox Express
The Monetary Authority of Singapore recently revealed the agency has approved the fast track Sandbox...

August 18, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us