The blockchain accelerator ecosystem in Asia is thriving, with several top programs helping early-stage blockchain startups grow and succeed. By providing funding, mentorship and ecosystem support, these programs are helping to turn innovative ideas into successful blockchain businesses.
Singapore, Taiwan, and Indonesia stand out in the Asian blockchain accelerator ecosystem due to their supportive environments, active blockchain communities, and initiatives aimed at fostering innovation and growth in the blockchain space.
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10 blockchain accelerators and incubators in Asia
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1. Tribe Accelerator
This global, product-focused blockchain accelerator is supported by the Singapore Government. It selects promising startups that utilize blockchain technology to address real-world problems and supercharges their go-to-market strategies through a network of Fortune 500 companies, government agencies, and Web3 companies. Since its establishment in 2018, Tribe Accelerator has powered over 40 portfolio companies with diverse blockchain use-cases across various sectors like Mobility, Supply Chain, Data, Cybersecurity, FinTech, and Sustainability. These portfolio companies have collectively raised over US$125 million in follow-up funding post-accelerator program.‍
2. X21 Digital
This blockchain advisory and investment firm based in Singapore is dedicated to helping blockchain startups accelerate their growth and exposure in the industry. X21 Digital provides strategic advice, guidance, and sustainable marketing strategies to support projects. The firm funds projects itself and also facilitates further funding through its network of institutions and strategic partners. Created in 2020, the firm has already made 31 investments.
3. Negocia Capital
This Singapore firm aims to support young entrepreneurs with unique visions, innovative ideas, and exceptional passion. The company provides assistance and resources to budding entrepreneurs to help them realize their business goals and bring their innovative ideas to life. It invests mainly in startups in Singapore, the USA, Hong Kong, and France. Created in 2016, it has made 2 investments.
4. Open Network Lab
This seed accelerator is known for helping startups grow and succeed by offering mentorship, networking opportunities, and access to resources. Created in 2017, it has made 37 investments and 3 exits. The accelerator program lasts 14 weeks.
5. SKALA
This Indonesia-based accelerator provides early-stage startups with mentorship, workshops, and networking opportunities to help them grow and succeed. Its focus on metrics and growth has made it a valuable resource for regional entrepreneurs. So far, Skala has had over 1000 applications, 200+ hours of workshops, 50+ mentors, and has funded 9 startups.
6. TechFund
This Japanese accelerator, created in 2014, operates as a multi-stage fund, supporting startups from early stages through to successful exits, and aims to build the next generation of successful startups with a global perspective
7. Tokyo XR Startups (TXS)
This key player in the Tokyo startup ecosystem provides critical support to XR startups through funding, mentorship, and networking opportunities. Since its creation in 2015, it has invested in five firms.
8. Techstars Bangalore Accelerator
This leading program leverages the global Techstars network to support innovative startups in India and South Asia. It provides $120K in funding for 6% equity and helps entrepreneurs succeed in 150+ countries.
9. Happy East Capital
This venture capital and support start-up team incubator is committed to supporting high-quality blockchain projects globally, promoting blockchain economics and finance. They provide office, equipment, advice, and funding for the teams. They focus on startups in Beijing and Zhejiang. It has had 3 investments so far
10. AppWorks
This accelerator provides two main services catering to startups in different stages: the AppWorks Accelerator helps seed-stage startups go from 0 to 1, while the AppWorks Funds provide financing to help growth-stage startups scale faster. They are currently accepting applications for its upcoming 29th batch.
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Want more? In this article, we cover 17 global blockchain accelerators you can apply to immediately. Check it out!
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