ZILHive 2019
Singaporean blockchain company Zilliqa has announced a strategic annual investment fund to invest up to US$5 million in 15 companies building on the its platform.
It will invest between US$50,000 and US$500,000 into promising companies in exchange for equity, tokens or a combination of both.
This investment will be funneled through ZILHive, the ecosystem growth arm of Zilliqa, through its ZILHive Incubator and ZILHive Ventures initiatives.
ZILHive Incubator is a 14-week programme that is targeted towards matching entrepreneurs with developers with industry experts to build blockchain solutions on the Zilliqa protocol.
Additionally, to make the programme more inclusive, the incubator will accommodate participants from both technical and non-technical participants who have little-to-no prior experience with blockchain.
Selected participants will develop their projects through mentorship sessions, masterclasses and workshops, out of which some teams will get the opportunity to showcase their projects to potential investors and industry partners at Zilliqa’s annual town hall event next year.
On the other hand, ZILHive Ventures will focus on investing in more mature projects that are built using the Zilliqa protocol.
Also Read: Zilliqa Capital debuts with the goal to invest in decentralised and fintech solutions in SEA, India
The fund aims to invest in companies annually from around the world. The best projects hoping to further scale and seeking growth capital for expansion will be referred to Zilliqa Capital, the recently-launched central business and investment hub aimed at investing in decentralised and fintech solutions to grow Southeast Asia’s fintech and emerging tech ecosystem.
According to the company, ZILHive participants will be assisted from start to finish, from idea generation and business matching, technical and non-technical education, mentorship, capital support, to counsel on taking-to-market strategies, partnerships, and business development.
“ZILHive has always had big ambitions: to drive more open and inclusive finance and commerce gateways for communities and companies worldwide, and power the Web 3.0 era. We have now doubled our investment into high-potential startups and initiatives in service this goal: guiding entrepreneurs from right from the drawing board, seeding and nurturing them to become not merely a blockchain success story, but provide truly useful applications for people,” said Han Wen Chua, SVP (Ecosystem Development) at Zilliqa.
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Image Credit: ZILHive
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