F10 and Klaytn Foundation to Incubate Singapore’s Early-Stage Blockchain Startups

Fintech startup accelerator F10 will partner with Klaytn Foundation to launch an incubation programme in Singapore.

The programme aims to support early-stage startups built on Klaytn, a blockchain platform developed by South Korean internet giant Kakao.

Klaytn Foundation was set up by Kakao as a non-profit entity to accelerate the sustainable growth of Klaytn blockchain and its ecosystem.

The 3-months programme kicks off in April 2022 and will enable entrepreneurs to develop ideas or minimal viable products (MVPs) into scalable businesses.

Selected startups for this incubation programme will participate in workshops, receive extensive mentoring, obtain access to an investor network, working space in Klaytn’s office, as well as technical development support.

Klaytn Foundation will also be providing a grant in the form of the native Klay token.

Entrepreneurs can also leverage Klaytn Foundation’s expertise in blockchain infrastructure and existing ecosystem projects in GameFi, DeFi, as well as other innovative NFT use cases.

Applications to the Klaytn Incubation Programme powered by F10 is now open here.

David Shin

David Shin, Head of Klaytn Global Adoption said,

“We look forward to expanding the Klaytn ecosystem with exceptional projects emerging from this Incubation Program.

Working with F10 also cements our role as enablers in the Singapore startup community. We’re here to stay as the trend shifts towards Web 3.0.”

Jonas Thürig

Jonas Thürig, Head of F10 Singapore added,

“The creation of this new incubator emerged from a shared vision that blockchain technology is ripe for mass adoption. In the recent 1.5 years, we have seen an explosion in Web 3.0 applications and new use cases in DeFi, metaverse and gaming.

We are convinced that our collaboration with Klaytn for this incubation program will repeat the success that we have achieved with our existing and proven programs.”

Featured image: Edited from Unsplash

Source: https://fintechnews.sg/58505/blockchain/f10-and-klaytn-foundation-to-incubate-singapores-early-stage-blockchain-startups/