Singapore Government Agency Backs New Blockchain Accelerator

Enterprise Singapore, a government agency set up to develop the startup ecosystem, is supporting a new blockchain accelerator program.

AccessTimeIconDec 4, 2018 at 10:00 a.m. UTC
Updated Sep 13, 2021 at 8:38 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Enterprise Singapore, a government agency set up to develop the startup ecosystem, is supporting a new blockchain accelerator program called Tribe Accelerator.

Announced Tuesday by TRIVE Ventures, an early stage Southeast Asia-focused venture capital firm based in Singapore, the accelerator is being launched in partnership South Korea’s ICON Foundation, as a technical partner, and PwC Singapore’s Venture Hub.

Seeking to drive widespread adoption of blockchain technology across Asia, Tribe Accelerator aims to help startups achieve “real-world applicability and impact” beyond technical considerations like smart contracts and interoperability.

It further aims to provide a platform for traditional enterprises and government agencies to work alongside the upcoming blockchain projects.

“As the accelerator targets later stage startups past their Series A funding rounds, Tribe will offer significantly more value as it provides startups with access to its network of governmental and business mentors, technical support, technical talent and ultimately gain global exposure, which will help incubated startups translate their blockchain concepts into real products,” TRIVE partner Ng Yi Ming told CoinDesk.

The program is scheduled to officially launch in early 2019, the firm said, adding that, for the first batch of companies, it will not take equity or charge a participation fee.

“By working with Tribe Accelerator, we hope to create more innovative and disruptive blockchain startups to capture growth opportunities locally and overseas,” said Jonathan Lim, Enterprise Singapore’s director of startup and global innovation alliance, in an announcement.

Singapore image via Shutterstock 

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.