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Startup accelerator A-Labs launches $10M Web3 fund in PH

AsiaTechDaily

Register Startup accelerator Archipelago Labs (A-Labs) has launched a $10 million Web3 fund to invest and accelerate the growth of the most promising startups and talents in the Philippines ’ Web3 ecosystem. Backed by reputable partners from the Philippine Digital Asset Exchange (PDAX), Oak Drive Ventures Inc.,

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Don’t go it alone: Incubators and accelerators help build lifelong relationships

TechCrunch

One way to build that camaraderie is through incubators and accelerator programs. His organization has been around for about 10 years, serving 3,300 venture founders from 150 different countries, so he knows from whence he speaks. That’s the purpose of joining one of these programs.

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Microsoft partners with VCs, accelerators to back 10,000 startups in Africa

TechCrunch

Microsoft has today announced plans to support 10,000 startups in Africa over the next five years through a series of initiatives including partnerships with accelerators and incubators across the continent. Microsoft said that it is already working with Banque Misr, Global Venture Capital and Get Funded Capital.

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mHub opens much bigger facility to kick Chicago startups into high gear

TechCrunch

When mHub opened its doors in Chicago seven years ago, the vision was to create a traditional incubator for people making things. In those seven years, the accelerator says it has supported more than 500 startups, 200 manufacturers, been awarded around 450 patents, and helped to create roughly 4,000 jobs.

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Formwork Labs aims to build ‘the YC of construction tech’

TechCrunch

Procore and Autodesk are two examples of ventures in the construction space that went from startup to publicly traded companies today worth $6.2 To help them along, one construction tech-focused venture capital firm is eager to fund a new generation of startups in the space. billion and $40.5

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Brazil’s Black Silicon Valley could be an epicenter of innovation in Latin America

TechCrunch

Salvador (Bahia’s capital) is the natural birthplace of Brazil’s Black Silicon Valley, which largely centers around a local ecosystem hub, Vale do Dendê. Despite the lockdown, the business grew 230% between the period of March and May after incubation and recently signed an agreement for further support and investment from Google Brasil.

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Meet Seoul-based accelerator SparkLabs’ 19th batch of startups 

TechCrunch

The accelerator also operates other government-supported programs like TIPS , a tech incubator program for startups in South Korea, and manages later-stage investment funds, Kim noted. . SparkLabs began in Korea to find and help local Korean startups in their seed stage and help them go global. and Asia. .