Various well-esteemed companies have signed a partnership with Singapore-based blockchain accelerator called Tribe Accelerator. The companies include tech giant IBM, video game developer Ubisoft, and New York’s Citibank.
These companies have signed up as corporate partners for the blockchain accelerator’s program. Tribe Accelerator is in the second edition of its four-month program.
What is the purpose of a blockchain accelerator?
According to sources, Tribe helps blockchain companies that are still in their growth phase. The accelerator links these startups to major corporations and hence fastens their growth. The companies mentioned above will be the corporate partners with Tribe that would help blockchain startups by increasing their growth rate.
Tribe Accelerator: The blockchain accelerator’s four-month program
These startups businesses belong to various industry sectors, including media and advertising, cybersecurity, healthcare, and fintech. The list of companies includes digital identity and password management firm Torus, healthcare startup Whitecoat, and data management platform AID:Tech.
Currently, the second edition of the program is under process, while the startups in the first edition had raised over twelve billion dollars ($12.2) across three months.
Tribe Accelerator: Notable supporters
Various well-esteemed institutions and organizations have recognized the program. The list of institutions includes insurance company AXA, BMW Group Asia, and blockchain platform R3 among many others.
Moreover, Tribe was well-received by agencies, including Singapore’s Infocomm Media Development Authority (IMDA). The company’s managing director Ng Yi Ming stated that the program’s result was beyond anything the company had expected. He stated that by aligning company objectives, the program “reduced information overlaps and made solution integration prompt.”
Tribe Accelerator is Singapore’s first government-backed blockchain business. The company previously conducted a Demo Day in Facebook Headquarters Singapore. Thes Demo Day bought together investors, companies, and critics to review marketable solutions.