Fractal Blockchain makes gains in Asia
According to financial news website, Finews.Asia, an increasing number of German startups are now heading to Southeast Asia to take advantage of new and exciting opportunities.
Thanks to a new government deal with Singapore, German startups such as Fractal are quickly making in-roads into the ICO-friendly jurisdiction.
“Singapore and German government agencies are supporting German startups entry into Southeast Asia. A new deal will soon see Singapore startups head to Germany”, writes Finnews.Asia.
The website also stated that “under the current German accelerator program, chosen tech start-ups from Germany can stay and work in Singapore for five months.”
Part of the Singaporean appeal is helpful access to free mentoring, local business partners, venture capitalists and free office space.
“Southeast Asia is the best place to be for foreign startups to understand the heterogeneous Asian market and to begin an Asian expansion strategy, said Claus Karthe, founder and CEO of German Accelerator South East Asia.”
Read more at Finews.Asia.