NuMoney to support Indonesian startups with US$10M funding via ICO incubator | Digital Asia

News Update


Cryptocurrency marketplace Indonesia introduces its program that seeks to facilitate local startups called Initial Coin Offering () Incubator. Together with Venture Capital, will work alongside the startups in their development.

The registration for 30 startups has been opened for next ’s funding round worth up to US$1 million.

In the incubator program, the startups will join startup classes, go through five weeks long-mentoring, monitoring, evaluation, screening and interview phase, as well as networking to be selected into 2019’s funding round during NuMoney ICO Incubator official launch.

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The startups then will be subjects to two types of funding; seed funding by NuMoney or ICO funding assisted by NuMoney.

NuMoney claimed that the incubator is the first ICO incubator in the country.

“We took it upon us to startups with potentials to grow and get funding from investors seeing how blockchain can be a big help for these hopefuls. We will help the selected startups to apply blockchain technology in their startups,” said Andika Sutoro Putra, CEO NuMoney Indonesia.

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The startups who join the incubator program will have a class with Ryan Prasetio who is the COO of NuMoney Indonesia about the basics of tokenomics. Another class is by Gunawan Aldy, CMO of NuMoney Indonesia about Initial Coin Offering marketing.

NuMoney’s track record includes US$4 million fundraise through Initial Coin Offering, NuMoney Coin (NMX). The company that was founded in 2017 operates in Singapore, Malaysia, and Indonesia.

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Image Credit: NuMoney

The post NuMoney to support startups with US$10M funding via ICO incubator appeared first on Tech News.

NuMoney to support Indonesian startups with US$10M funding via ICO incubator | Digital Asia 1

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