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.


    Related Article
    Uncertainty Is The New Normal For APAC Fintech Players
    Asia Blockchain Review had the opportunity to talk to Celeste Goh, Fintech Analyst at S&P Global Mar...

    July 13, 2020

    It’s No Surprise : Celeste Goh On APAC’s Fintech Funding Dip
    It was reported recently that the APAC fintech funding scene had experienced quite a slump. Asia Blo...

    July 12, 2020

    APAC’s Ecosystem And GBG’s Predator Cybersecurity Approach
    Asia Blockchain Review recently had the privilege to talk to June Lee, APAC's Managing Director of G...

    July 11, 2020

    June Lee Expands On GBG’s Predator Solution
    Respondents from a recent survey see transaction fraud as the fraud typology that they are most vuln...

    July 10, 2020

    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