Join Our Mailing List
Monday January 30, 2023
Bitcoin (BTC) $23,211.22   Ethereum (ETH) $1,591.65
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

Blockchain company AID:Tech secures investment from Enterprise Ireland and SGInnovate

Published by CryptoNinjas.net
06/13/2018
Blockchain company AID:Tech secures investment from Enterprise Ireland and SGInnovate

AID:Tech, a company that changes how governments, enterprises, and NGOs deliver digital entitlements, has announced simultaneous investments from Enterprise Ireland, and SGInnovate.The announcement signifies the first time both Irish and Singapore state-backed organizations have invested in a blockchain company.

Founded in 2014, AID:Tech was the first company in the world to deliver international aid using blockchain technology. In a recent project in Tripoli, Northern Lebanon, the company utilized their platform to transparently deliver aid to Syrian refugees. AID:Tech’s platform enables entitlements like aid, welfare, remittances, donations, and healthcare to be digitized and delivered through  blockchain technology in a completely transparent manner, helping governments and corporates to tackle some of the most entrenched issues in their fields.

“Today not only marks a landmark occasion for AID:Tech but also for the wider blockchain industry as a whole.  As investments from state-backed agencies both at home and abroad signal further support of this promising technology, it is extremely encouraging to see these highly regarded institutions identifying blockchain as an active area of innovation while also embracing the technology for future transformative projects.”  

Joseph Thompson, CEO, and Co-founder of AID:Tech

“By harnessing blockchain technology in the humanitarian sector and addressing obstacles in global development including legal identity and social and financial inclusion, AID:Tech reflects the level of world-class blockchain solutions which are emerging from Ireland. Our investment not only marks a state-backed effort to lead on blockchain development across Ireland, but also showcases the faith we have in AID:Tech’s ambitious, innovative project.”  

Eoin Fitzgerald, Senior Advisor for Fintech for Enterprise Ireland

Enterprise Ireland is Ireland’s national export agency, responsible for the development and growth of Irish enterprises in world markets. In addition to its investment in Aid:Tech, this week Enterprise Ireland launched a new €750,000 competitive start fund for fintech and deeptech start-up companies that have the capacity to succeed in global markets.

SGInnovate, a government-owned firm nurturing deep tech startups in Singapore, is enabling ambitious and capable individuals and teams to imagine, start, build, and scale globally-relevant technologies. Backing entrepreneurs through equity-based investments, access to talent, and support for building customer traction, SGInnovate focuses predominantly on healthcare, resources, transportation, artificial intelligence, robotics, and blockchain technology.

“At SGInnovate, we invest in people who are building early-stage technology companies that aim to solve important problems. AID:Tech is using blockchain technology to enable new levels of transparency, accountability, and efficiency to the vital work of getting humanitarian aid to those who need it the most. AID:Tech represents a perfect combination of an exciting technology being applied to an important human need.” 

Steve Leonard, Founding CEO, SGInnovate

In addition to Enterprise Ireland and SGInnovate, Blue Parasol Investments, Tin Fu Fund, and BlockAsset Ventures are also investing in AID:Tech. The Tin Fu Fund aims to create added value to business ventures as an active investor by providing strategic advice and financial guidance to the Asian network. Based in Amsterdam, Blue Parasol Investments is an impact investment fund led by former Credit Suisse and Barclays Capital Managing Director, Maurits Schouten. BlockAsset Ventures, an Asian blockchain technology fund invests in promising blockchain startups. The fund leverages its years of experience in the digital asset space and strong industry relationships to invest in a portfolio of prominent digital assets. Professor David Lee is a Managing Partners of BlockAsset Ventures and lectures at Singapore University of Social Sciences.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange. Headquartered...

Read more

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety of advantages...

Read more

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all Coinbase crypto...

Read more

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

ThunderCore, a leading blockchain & web3 ecosystem announced today that they are making a new development push, partnering with new validators as the chain rolls out its new crypto staking model. The newest ThunderCore...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy