IOTA and Tenity’s Singapore Accelerator Offers $50,000 Grants to Blockchain Startups

Tenity, in collaboration with the IOTA Basis, has introduced the institution of the IOTA Accelerator in Singapore.

This 12-week initiative is designed to help early-stage startups targeted on creating Actual World Belongings (RWA) tokenisation merchandise and infrastructure inside the IOTA ecosystem.

Dominik Schiener

Dominik Schiener, Co-Founder and Chairman of the IOTA Basis acknowledged the innovation inside the Asia-Pacific area and the shared imaginative and prescient with Tenity of harnessing tokenised RWAs for sustainable institutional and person worth in Singapore and past.

 “This partnership goals to equip new market contributors with the data to navigate the evolving panorama of digital property,”

he stated.

The accelerator programme, scheduled to run from June to September 2024, will conclude with a Demo Day on the Token2049 occasion in Singapore, providing startups a possibility to current their tasks.

Contributors within the programme will profit from a US$50,000 (SG$67,390) grant, mentorship from business specialists, product-market match recommendation, and networking alternatives with potential buyers and business companions.

In search of technically proficient founding groups that utilise or intend to utilise IOTA’s know-how, the accelerator focuses on improvements in Actual World Belongings, DeFi, Institutional DeFi Providers, and Infrastructure.

Jonas Thürig

Jonas Thürig, Head of APAC at Tenity, expressed enthusiasm for fostering the expansion of blockchain innovators.

“Our programme combines digital innovation with sensible software, aiming to broaden the boundaries of blockchain know-how alongside IOTA,”

stated Jonas.

The programme will mix digital and bodily engagements, together with the notable Demo Day, and is structured to discover and overcome market entry challenges, person demand, and monetisation methods, concluding with a validation part for strategic improvement.

The IOTA Accelerator Programme in Singapore now accepts functions from Web3 builders fascinated about advancing their tasks inside the IOTA ecosystem.