sparklabs - mystartupland

SparkLabs, the largest startup accelerator in Asia, operating a global venture capital fund, has partnered with Argon Group, a digital finance advisory firm. The partnership has taken place to launch the first startup accelerator security token.

This token is not a utility token but simply a smart contract. This represents an investor’s equity into its fund vehicle that will have equal holdings in start-up companies that are associated with SparkLabs IoT & Smart City Accelerator in Songdo, South Korea and SparkLabs Cultiv8 Accelerator in Orange, Australia.

This comes as a surprise, considering SparkLabs has been very conservative in its approach towards cryptocurrencies.

SparkLabs accelerators’ alumni companies have raised on average over $3.5 million with 80% of the startups receiving funding after the program.  SparkLabs’ startups also average over $500,000 in funds raised prior to entering the accelerator programs.

Luca is an experienced sales executive and business coach with a background of over 10 years in sales and management. When not working, Luca runs one of the leading online magazines for startup knowledge, MyStartupLand, with the aim of providing meaningful and helpful content to startup founders and business people.

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