IOST Strikes Strategic Partnership With Singapore Government To Develop Blockchain Ecosystem
The IOST Foundation is excited to announce a strategic partnership with Enterprise Singapore, alongside regional blockchain incubator Hashed Venture Labs, to support the growth of blockchain startups and grow the blockchain ecosystem in Singapore. In addition, IOST aims to work with Enterprise Singapore to drive enterprise blockchain adoption and help Singapore MNCs and SMEs unlock the transformational value of distributed ledger technologies.
Enterprise Singapore is the government agency championing enterprise development. Enterprise Singapore works with committed companies to build capabilities, innovate and internationalize. It also supports the growth of Singapore as a hub for global trading and innovative tech startups. As the national standards and accreditation body, Enterprise Singapore aims to build trust in Singapore’s products and services through quality and standards.
Singapore — A Leading International Tech Hub Providing A Gateway Into Asia
Singapore has long been a favored destination for blockchain companies, given its business-friendly regulations and willingness to embrace and support emerging disruptive technologies. It is thus unsurprising to see Singapore ranked within the top 3 cities for blockchain companies to set up an operating base, attracting top caliber founders and startups with global potential to its sunny shores.
With a commitment to being a leading tech and innovation hub, Singapore provides numerous incentives and support, both financial and non-financial, to Singapore companies and foreign companies with core business bases in Singapore. With its convenient geographical location, stable political regime and pro-business environment, Singapore is highly favoured by the international business community as the hub of choice to penetrate into Asia.
Enterprise Singapore To Support Blockchain Founders with Startup Grants
To support the growth of Singapore as a leading blockchain hub globally, Enterprise Singapore will provide startup grants worth SGD30,000 to founders launching innovative blockchain solutions. In addition to the startup grant, Enterprise Singapore will also support startups meeting certain criteria with overseas expansion grants (SGD20,000) and follow-on investment rounds by SEEDS Capital, its venture capital arm (up to SGD4 million).
IOST, through regional blockchain incubator Hashed Venture Labs, will help to evaluate and recommend promising Singapore blockchain founders to receive startup grants from Enterprise Singapore, supporting the growth of the Singapore blockchain ecosystem and mentoring the blockchain founders under its care. To learn more: https://hashedlabs.io/startup-sg-founder-grant/
Together with IOST partners — Bluehill and Theseus, founders building and launching solutions on IOST stand to receive significant support across product development, sponsorship into the IOST Global Partners Program, capital raising, industry networking, overseas expansion and new business opportunities.
Multiple Collaboration Opportunities In The Pipeline
IOST has on numerous occasions, supported and worked with Enterprise Singapore, having attended and presented at various events organized by Enterprise Singapore and also assisted in advising Singapore blockchain startups.
April 2019: Slingshot 2019 Global Launch
September 2018: Showcase and Presentation at SWITCH 2018
Going forward, IOST is excited to work with Enterprise Singapore in supporting enterprise blockchain projects. In particular, through Enterprise Singapore, IOST hopes to gather common industry problem statements faced by enterprises and solve these problems at scale using blockchain where applicable.
Launch Your Blockchain Startup With Hashed Venture Lab’s #NEXUS Program
In its role as a blockchain incubator and investment firm, Hashed Venture Labs assists blockchain startups and enterprises, both local and overseas, go global with Singapore as a core operating base. As IOST’s ecosystem partner, Hashed Venture Labs will help IOST grow its blockchain adoption use cases and connectivity across the world.
In partnership with Enterprise Singapore, the government agency championing enterprise development in Singapore, Hashed Venture Labs provides end-to-end growth assistance for blockchain companies including company incorporation, legal and compliance, mentoring, partnerships, talent acquisition, funding, marketing/PR and regional roadshows. Companies can stand to receive up to USD50,000 worth of grants, discounts and business benefits through Hashed Venture Labs’ #NEXUS Program.
For selected blockchain startups meeting its investment criteria, Hashed Venture Labs may invest up to USD250,000 per startup, with possible future follow-on rounds either directly or from its capital network.
Blockchain companies, startups and developers interested to work with Hashed Venture Labs on growth initiatives can find out more from its website: https://hashedlabs.io
