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Singapore Blockchain Firm Launches $15 Million Grant for Asia’s Tech Startups

Announced via a press release shared with SuperCryptoNews, Building Cities Beyond (BCB) Blockchain is rolling out a $15 million BCB Innovation Grant targeted at funding up to 1,000 startups involved in the technology of blockchain industries across Asia. Aside from giving these startups invaluable access to workshops and facilities, BCB is intending to work with external accelerator programs in Asia that can bolster the development of chosen projects.

BCB has fostered working relationships with several of these incubator programs in Southeast Asia – In the Philippines, it will be partnering with the Department of Science and Technology Philippine Council for Industry, Energy and Emerging Technology Research and Development, and in Malaysia, BCB has signed an MOU with Access Blockchain Association. In Singapore, the company is working with Meet Ventures and Hashed Labs. Having a regional reach to dynamic startups in the tech and blockchain sectors will go a long way in nurturing and boosting not only BCB’s ecosystem, but the long-term health of industries reliant on constant innovation.

“As BCB continues to grow its ecosystem, we realize the vast potential of blockchain technology in everyday applications. We are looking at holistic approaches to support and reach out to existing and upcoming projects on the BCB protocol. The launch of the grant is part of this approach, as we look to support our partners in the midst of a challenging economic climate,” Douglas Gan, CEO of BCB Blockchain shared.

Gan understands the importance of fostering strategic partnerships and providing localized and direct assistance to startups in the nascent tech and blockchain space. Students and budding tech entrepreneurs can get an early head start in these fields as well, with BCB set to launch hackathons, workshops and education events for higher learning institutions.

You may also want to read: Thai Ministry of Finance Launches “SBM Wallet” to Sell Government Bonds Using Blockchain

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SuperCryptoNews is Asia’s leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

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