Singapore venture capital firm to launch blockchain accelerator for startups

05-Dec-2018 Intellasia | Business Times | 6:10 AM Print This Post

SINGAPORE venture capital firm Trive Ventures, formerly known as Tri5 Ventures, has unveiled a blockchain accelerator aimed at later-stage startups, with the backing of a government agency here.

Its six-month Tribe Accelerator programme will emphasize product development and the mass adoption of blockchain, with decentralised applications or back-end digital solutions that tap distributed ledger technology, said the South-east Asia-focused investor on Tuesday.

Eight startups will be picked for the initial cohort, with the incubation programme to kick off in the first quarter of 2019. Partners include government body Enterprise Singapore, PricewaterhouseCoopers (PwC) Singapore’s Venture Hub and South Korean blockchain network Icon Foundation.

Trive Ventures, which typically invests in technology startups in the seed to Series A funding rounds, has previously worked with the Singapore government as an accredited mentor to early-stage startups.

https://www.businesstimes.com.sg/garage/singapore-venture-capital-firm-to-launch-blockchain-accelerator-for-startups

 


Category: Singapore

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