Jonas is the head of Tenity Asia, based in our hub in Singapore. Prior to joining Tenity, Jonas served at the Embassy of Switzerland in China as the Deputy Head of the Science, Technology, Education, and Innovation Section. Jonas co-founded a company in the IoT space which went on to raise a seed round and grow to 15 employees.
Whether you’re a startup looking to operate in the web3 space or a corporate exploring web3, you may find yourself in one of the following situations:
In this article, I'll go through:
Note: At Tenity, we have successfully launched programs for blockchains including Klaytn and Ripple. We’ve set up a program for private bank Julius Baer allowing them to experiment and explore use cases for web3. Get in touch with us to learn more.
At Tenity, we operate as a global innovation ecosystem and early stage investor that focuses on the fintech industry. We work with startups, mentors and corporate partners to run startup accelerator programs and enable collaboration between corporates and startups.
Since we started running corporate accelerator and incubator programs in 2016, we have facilitated over 100+ successful collaborations between corporates and our startups, including programs in the web3 space.
Our web3 programs offers:
Read more about our upcoming web3 programs:
Outlier Ventures, headquartered in London, is a web3 platform operating in line with the principles of the "Open Metaverse" thesis. The thesis, or playbook, aims to build free and equitable digital environments.
The accelerator offers a program, known as the ‘Base camp accelerator’ that scouts Web3 startups from various verticals, including DeFi, NFTs, infrastructure, and gaming. Startups can join the three-month remote program and receive funding in exchange for 6 percent equity. The program helps founders with token design, tech stack selection and fundraising.
Alliance offers a web3 accelerator program with daily mentoring from 'crypto veterans' and live lectures by web3 experts. They provide ‘founder-friendly’ funding of up to SG 250k on flexible terms. Graduates have the opportunity to join the Alliance DAO founder community for ongoing support and networking from program alumni.
Brinc’s web3 program, ZK Advancer, aims to foster web3 innovation in diverse fields including culture and the arts, entertainment, gaming, financial services and decentralised finance (DeFi). The program is remote therefore anyone in the world can apply. Participants in the program receive a curriculum of support starting with building a customer persona to developing a fundraising strategy. Brinc provides successful applicants with $250k in funding and in return take equity and an operational fee for running the program.
Starta Capital is a venture ecosystem supporting startups worldwide. They offer a Web3 accelerator for various verticals including DeFi, Gaming, Blockchain, and the Metaverse. The program includes access to Web3 tools, training sessions on web3, marketing support and introductions to investors. Participating startups also get certain perks including access to a co-working space in New York and discounts on software packages such as hubspot.
Yellow Capital is a Venture Capital seed program dedicated to assisting early-stage web3 startups. The platform also runs a number of forums and chats to engage the global blockchain community. Founders can join the Yellow Discord forum to connect and network about all things cryptocurrency.
The blockchain startup incubator welcomes startups from different verticals including web3, blockchain, DeFi, gaming, the metaverse and NFTs. If selected to the program, startups receive a full-cycle funding and a curriculum of training sessions focused on legal, marketing and technical support.
Here’s a bit more information on some of the web3 incubators that we’ve done or are about to launch.
We’ve partnered with XRP Ledger to launch the 12-week XRPL accelerator program starting in August, designed to support founders in building on the XRP Ledger.
With this program, the goal is to support entrepreneurs who are building on the XRP Ledger by equipping them with all the skills and resources needed to scale.
During this program, startups have access to masterclasses that cover web3-specific topics, such as blockchain application composability, tokenomics, and community building.
We’ll be working with XRP Ledger Team to identify and select the right projects to build on their blockchain. At the start of the process, we’ll do regional startup scouting to ensure we’ve got the right type of startups participating. We’ll then set up engagement points for XRP Ledger Team to meet the startups and explore a potential collaboration.
Here is an overview of the key aspects program:
Read more: XRPL accelerator
Klaytn is a public blockchain focused on fields including GameFi, Metaverse and creative content and is the dominant blockchain platform in South Korea. The Klaytn platform is EMV-compatible meaning that any projects built on Ethereum can easily migrate over to their chain.
During the program, we welcomed several promising startups to participate and start building on the Klaytn platform. This included masterclasses and personalised 1-on-1 coaching sessions to help them refine their customer journey and business model. Also, we provided web3-specific training in the form of high level technical support.
Just like we’ll do for XRP Ledger, with the Klaytn Incubation program we bring the selected startups to Singapore. We give them unlimited access to a co-working space and invite local web3 experts to share their expertise with them. For example, we have experienced founders and successful VCs mentoring and providing feedback to the startups.
We ran the Klaytn incubation final demo day during Token 2049, the largest web3 conference in the region. This gave startups exposure to a big web3 community allowing them to showcase their innovations and gather insights.
See the startups that graduated from the Klaytn program here: Klaytn incubation program
Unlike the Klaytn and XRP Leger programs, this program focuses on early-stage experimentation with web3.
In this case, Julius Baer aims to partner with startups that are already working on web3 use cases in the wealth management sector, in order to explore potential value for their clients. The bank is particularly interested in enhancing their product offerings and improving client experience, such as developing new digital products and building in the Web 3.0.
When the program starts in August 2023, the selected startups will directly collaborate with Julius Baer, where they’ll have the right access and exposure to the bank’s extensive resources and financial market expertise.
Here are the key elements of the Julius Baer Global Web3 Program:
Read more about the Julius Baer web3 program.
Having been originally a spin-off of SIX, corporate innovation is in our DNA: we know firsthand the challenges of open innovation and how to collaborate with startups. If you’re a corporate that’s looking to do a web3 incubator, here’s how we can help you.
Whether you’re a tech company looking to increase adoption of your blockchain, or a corporate looking to experiment with new technologies, a bespoke startup accelerator can help you get deeper into the web3 ecosystem.
By working with us, you won’t have to hire an internal team to set up your own accelerator and you won’t have to spend resources on scouting for the right startups and teams.
We see innovation via three pillars:
When you partner with us, we’ll help you understand at which stage in the innovation cycle you’re at and what type of accelerator would make sense for you.
Learn more about corporate accelerators: How to get started with a corporate accelerator program
We like to think of our ecosystem as a kind of ‘laboratory’ for ideation and strategy development.
When you partner with us, you’ll get to:
We also only specialise in fintech and web3. Whereas other startup accelerators are more general with fintech as an add-on, we live and breathe fintech. We’ve only ever done fintech and financial services, and since we were born from a stock exchange, we have the right depth of experience.
Depending on the type of web3 accelerator, we can mentor and guide startups to be ready for collaboration once they graduate. Specifically, we set up use case exploration workshops where startups and corporates can explore proof of concepts and evaluate what a pilot would look like.
In our masterclasses, we cover every crucial stage of a startup's journey, ensuring comprehensive support from product development to marketing, sales, and fundraising activities.
Here are the touchpoints in our programs for the startups:
I believe that without having people on the ground, you don’t have the best sense of the local market and all the startups in the region. At Tenity, we have offices in both Europe and Asia to make sure we can deliver more comprehensive scouting and access to the best companies.
I manage Tenity’s operations in Asia from Singapore and this is where we run some our web3 programs. The benefits are:
In Switzerland, we also run some of our programs, such as Keyrock’s Accelerator Program for web3.
In 2022, we became the first company to issue tokenized equity shares through the SIX Digital Exchange (SDX). We delivered this new innovation in private share issuance by bringing together our corporate partner SIX and a graduate of our incubator program, Aequitic, a provider of digital registry services.
This collaboration isn’t precisely related to web3 but shows how collaboration, leveraging blockchain technology has been achieved through our ecosystem.
Massimo Butti, Head of Equity at SDX, described the importance of the collaboration:
“An ecosystem that supports private companies in their funding journey and reduces the complexities and inefficiencies of issuing private equity can only be achieved through collaboration: with existing and new players; by leveraging existing processes; and by creating new technical standards.”
If you want to learn more about the collaboration, read more about it here: SIX Digital Exchange successfully tokenizes private shares
If you decide to partner with Tenity as a corporate, you’ll benefit from a bespoke web3 accelerator that allows you to learn about a new technology or increase adoption for your blockchain. Our fintech-specific expertise you can make sure you’re approaching web3 from the right company angle.
Reach out to us to learn more about how we can help you.