Global Startup Market to Focus on Dsion - Start-up Challenge: Singapore a Success

The Korea Times

The Korea Times

Finance

Thu, November 30, 2023 | 17:40

Economy

Global Startup Market to Focus on Dsion - Start-up Challenge: Singapore a Success

Posted : 2018-12-11 15:54

Updated : 2018-12-11 15:54

CEO Seo Jong-pil evaluating the startup competition

Dsion, a startup investment platform undergoing an ICO, is attracting attention after successfully hosting Start-up Challenge: Singapore.

Start-up Challenge: Singapore, which took place on December 9th at the Marina Square Academy, was hosted by Dsion and Singaporean blockchain venture capital firm BlockOn. The competition had a total of 20,000 SGD (around 16.37 million KRW) in awards, drawing local attention. More than 80 startups applied for the competition for three weeks until November 21st, and after going through fierce preliminary rounds between the 1st and 4th of December, ten startups made to the main competition.

The final winner of the competition will receive an investment worth 100 million KRW from Founders Space Singapore, which is operated by BlockOn Capital. Furthermore Dsion provided 15,000 SGD (12.33 million KRW), 3,000 SGD (2.46 million KRW), and 2.000 SGD (1.64 million) for the top three teams.

The co-host of Start-up Challenge: Singapore, BlockOn, is operating the Singaporean branch of Founders Space, a famous U.S. startup accelerator. They are currently investing in blockchain startups in Singapore, expanding from their business directory project.

Dsion, which successfully co-hosted Start-up Challenge: Singapore with BlockOn Capital is aiming to build a wholesome investment ecosystem as a blockchain-based startup investment platform. Dsion aims to become a fair and safe startup investment and is expanding its presence in the global blockchain market by featuring the Startup Challenge winners on their platform.

CEO Seo Jong-pil said in his opening address, "I am glad to hold the competition with BlockOn Capital, and since Singapore is a country that leads the fintech and blockchain industry, it is very meaningful that we hosted Startup Challenge: Singapore. Singaporean startups and Dsion will be at the heart of the blockchain industry via continuous cooperation. Dsion will identify and support great startups so that they can achieve success in the competitive startup market."

Dsion had positive discussions with CEO Lee Won-jaw of Yozma Group Korea and major figures of Israel, a startup nation, at ABF in Seoul 2018, the first blockchain conference hosted by the Seoul Metropolitan Government. Yaniv Goldberg, Director of Israel's Economy and Trade Division also suggested holding a Dsion Startup Challenge in Israel.

As of November 21st, Dsion ended a successful 1st pre-sale and they are currently carrying a 2nd pre-sale.