Satoshi Studios Focuses on Incubating Blockchain Developer Startups in Southeast Asia

Satoshi Studios is an incubator that focuses on Blockchain startups in South East Asia. Centering its activities in New Delhi, India, the incubation offered invites startups that use Bitcoin technology to study extensively in developing Blockchain products and services, closely related to Bitcoin but its use is wider than Bitcoin transactions alone. Selected startups will receive seed funding $50.000 with an equity share of 8-15% to the incubator.

The lineup of experienced mentors in their fields is a form of confidence Satoshi Studios to launch Blockchain business in Southeast Asia, with a vision of making India the "Blockchain Knowledge Hub for South East Asia". Veterans in the Bitcoin business such as Roger Ver, Amit Bhardwaj, Michael Terpin and several Bitcoin pioneers are among the mentors who will be presented in incubation activities.

Stage one registration is open until the end of February 2017

The first stage of the incubation program will begin on April 1 2017. Six selected startups from all over the Southeast Asia region will be flown to New Delhi to take part in activities for 3 months. There participants will work together through intensive sessions hosted by Blockchain experts. Facilities such as work space and residence will be provided for these activities. The mission is what the startup achieves product market fit more quickly.

There are no specific criteria regarding the industry fields that startups work in. It's just that in the business process the startup has to solve problems in the real world through Blockchain. And this incubator also accepts startups that are still in their infancy concept-stage. Registration and information submission as a prerequisite, it is open online until February 28 2017.

Civilizing Bitcoin in Southeast Asia

Satoshi Studios Co-Founder Sahil Baghla revealed that with the construction Blockchain hub, it will grow Bitcoin adoption in Southeast Asia. Thus making this region the largest remittance market, with the smallest bank account ownership in the world. In terms of readiness for incubation activities, his party admitted that they had discussed with many entrepreneurs about product development and initiatives based on Bitcoin.

"We've seen interest from entrepreneurs providing feedback and ideas about using Blockchain technology, and some of the entrepreneurs we've met are also developing really interesting applications [...] We're proud to be supported by people who are Bitcoin pioneers," concluded Sahil.