Singapore government-backed global blockchain incubator LongHash said its first cohort of startups have garnered a total of $9.7 million between January and March this year.
LongHash’s 12-week program programme was concluded after a global demo tour across Singapore, Shanghai, and Berlin. As many as five startups participated in it from Singapore, Taiwan and Germany. These include names such as Poseidon Network, T-RECs.ai, AlphaWallet, Keyless, and Lition.
“We are grateful for the support received from the Singapore government as well as our network and look forward to helping our future batches achieve similar success,” Singapore LongHash chief executive Emma Cui said in a statement.
LongHash is currently running the second batch that started in June and is slated to end this end. For its second batch, LongHash has tied up with Parity Technologies to support Polkadot, a blockchain protocol, which allows independent blockchain networks to exchange information and be protected with shared security.
LongHash also announced that it is set to hold the 12-week programme for its third batch in collaboration with Zilliqa. When the projects are completed, the startups in the batch will receive $20,000 in grants.