Tribe Accelerator’s successful Fundraising tops SGD 16.8 million

According to the latest report, at the headquarters of Facebook in Singapore, a Demo Day was launched by Tribe Accelerator the first-ever Singaporean government backed blockchain accelerator.

Demo Day is accelerator programs’ culmination. It brings together the community, investors, companies, and mentors to review and showcase the marketable solutions that are developed by the participating companies of Tribe. Other than Singapore, demo days are going to be held in San Francisco, Shanghai, and Seoul.

Since the launch, Tribe Accelerator facilitated the fund collection for its participating companies via its own ecosystem of corporate investors and partners. The raised fund was about a little more than sixteen million Singapore dollars ($16.8). This is the first for any blockchain accelerator.

Moreover, there are various regional investments in progress. As, the positivity towards the Tribe in increasing, the corporate cooperation networks are also expanding. Official partners of Tribe include ConsenSys, R3, Nielsen, PwC Singapore, and BMW Asia.

Reportedly, a blockchain programming academy Tribe Code will also be launched by Tribe. The academy will be in partnership with two schools of programming: one is in Vietnam and the other one in Singapore. These schools have trained over two thousand developers in various languages of programming during the past three years. Tribe Code is looking forward to partnering with the world-class blockchain protocols to enable more firms to hire the proper programming talent by training the new developers.

The Managing Partner of the Tribe Accelerator Ng Yi Ming stated that the ultimate objective of Tribe is to create a platform that promotes cooperation among the governmental agencies, innovators and corporations to team up and find solutions for the real day to day problems. He further stated that the participants of Tribe come up with market-ready solutions, to which the market is giving a great response. People are open to blockchain technology related solutions.