NuMoney Holds Incubator Program, Helps Startups Get Funding Through ICO

NuMoney Indonesia, a cryptocurrency marketplace, introduced the NuMoney Initial Coin Offering (ICO) Incubator. The program is designed as an incubator that helps startups to reach advanced stages via ICO. In collaboration with venture capital, startups that pass the selection will be selected for the funding phase in 2019 with a value of up to $1 million.

In this program there are two funding channels, namely: seed funding by NuMoney and funding supported by NuMoney through the ICO. The ICO process provides an initial offering in the form of: token to investors, as well as an Initial Public Offering (IPO). Token itself is a form digital assets developed and used as a medium of exchange.

Process NuMoney incubation later it will consist of educational activities or startup class, process mentoring, monitoring, evaluation to the startup recognition process and networking with experts from various industries. During the incubation period, founder The selected startups are required to attend a series of trainings that last for five weeks in Jakarta.

"The era of information technology is growing, as evidenced by the emergence of technology blockchain which allows transactions to take place without intermediaries. We then took the initiative to provide support to startups that have the potential to grow to get funding from potential investors," said NuMoney Indonesia CEO Andika Sutoro Putra.

Through this program, NuMoney in particular will also help the application of technology blockchain in potential startup technologies. Furthermore, in the startup class program, NuMoney Indonesia will teach participants the basics tokenomics and ICO marketing materials.

NuMoney is confident enough to teach its startups how to achieve funding with an ICO. The reason is that NuMoney, a company that was founded in 2017, has proven its success in ICOs through the offering of the NuMoney Coin (NMX) token, its value reaches $4 million.

"We are targeting funding in 2019 to 30 startups in Indonesia with a value of up to $1 million which can be used for their business development. Thus, this activity can be a forum that is able to accelerate the application of technology blockchain and support the development of startups in the country," added Andika.

NuMoney's program to help ICO startups is not the first. Previously there was also a Launchpad program that was initiated Tokenomy, with one of the startups in it is Playgame.