HK's SmartUp launches blockchain incubation platform

SmartUp is a new blockchain-powered incubation platform for blockchain startups (Image MF3D / iStockPhoto)

Hong Kong based blockchain project SmartUp has launched its global blockchain incubation platform to help remove barriers to receiving financing by blockchain startups.

SmartUp aims to build a global blockchain incubating ecosystem to provide startups with one-stop access to incubating services including support, consulting, lead investing and financing.

The platform includes its own blockchain-based innovations such as smart credit checking to help investors analyze tens of thousands of projects from around the world, global resources matching for professionals with different areas of expertise and lead investment and global fundraising.

In addition, all transactions will be kept on blockchain so they can not be modified, and investors can choose to use the SIT (strategic investor token) cryptocurrency to invest and settle service fees.

Nearly all blockchain startups need to deal with the challenges of accessing capital and resources, and face difficulties connecting with incubators due to the lengthy application process and other barriers.

The new platform aims to address these challenges and help startups find the most suitable service in response to their needs.

“We hope to connect global projects, investors and co-workers with the revolutionary blockchain technology to build a global smart incubation platform with mutual trust & benefits, providing them with one-stop incubation ecosystem,” SmartUp founder Ric Wu said.

“Our team consists of talent from the global financial market, startups and with solid blockchain development experience, who will enable smart ideas to match with quality capital and resources effectively, and ultimately promote the startup's development.”

Read more on