IOST Foundation To Join Singapore Blockchain Incubator Initiatives

Singapore once again confirms the title of one of the blockchain centers in the world: it became known that the IOST Foundation announced a strategic partnership with Enterprise Singapore, alongside regional blockchain incubator Hashed Venture Labs, to support the growth of the blockchain ecosystem in Singapore. According to the press release, IOST aims to work with Enterprise Singapore to drive enterprise blockchain adoption and help Singapore MNCs and SMEs unlock the transformational value of DLT.

Enterprise Singapore is the government agency championing enterprise development, it works with committed companies to build capabilities, innovate and internationalize. The agency supports the growth of Singapore as a hub for global trading and innovative tech startups.

To support the growth of Singapore as a leading blockchain hub globally, Enterprise Singapore will provide startup grants and follow-on investment rounds by SEEDS Capital. 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 blockchain ecosystem and mentoring the founders under its care.

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