LongHash, the global-scale blockchain incubator, will launch an incubation program tha focuses on getting behind early-stage blockchain startups. The program will be centered in the product development, go-to market strategy, and fundraising, all done through maximising the incubator’s network and blockchain experience.
For the initial cohort that will run from this month to March this year, five startups have been selected. LongHash has shared that it plans to incubate up to 30 projects for the next two years with the goal to help these projects eventually set up regional offices in Singapore.
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“Singapore is a key strategic location for LongHash for three reasons 1) friendly regulatory environment and generous government support, such as Enterprise Singapore’s backing of LongHash; 2) vibrant South East Asia blockchain community with Singapore at the center of it; 3) vast amount of potential use cases for the use of distributed technology. We expect to see Singapore playing a pivotal role in shaping global blockchain technology landscape,” said Emma Cui, CEO of LongHash Singapore.
LongHash’s mission with their base in Singapore is to accelerate the development and understanding of blockchain technology.
Aside from partnering with Enterprise Singapore, LongHash also has global partners that include blockchain venture capital firm Fenbushi as well as Chinese conglomerate Wanxiang Group.
“Blockchain is an emerging technology that can potentially benefit many industries with its application. We hope that LongHash can nurture more successful blockchain startups in Singapore through its network of experts and mentors,” said Yeo Meow Ling, Director of New Industries at Enterprise Singapore on welcoming more global incubators.
LongHash’s current global network includes offices in Shanghai, Tokyo, Hong Kong, Berlin, and Zug.