SGInnovate joins funding round for Irish blockchain company

AID:Tech digitises aid, welfare, remittance and donations and healthcare.

SGInnovate, along with Ireland’s national export agency Enterprise Island, has invested in Irish blockchain company AID: Tech, in what is the first investment by Irish and Singapore-state backed organisations in a blockchain company.

AID:Tech digitises entitlements like aid, welfare, remittances, donations and healthcare and delivers it through blockchain technology. The startup delivered international aid to Syrian refugees in a project in Tripoli, Northern Lebanon.

“At SGInnovate, we invest in people who are building early-stage technology companies that aim to solve important problems. AID:Tech is using blockchain technology to enable new levels of transparency, accountability, and efficiency to the vital work of getting humanitarian aid to those who need it the most,” said Steve Leonard, founding CEO at SGInnovate.

AID:Tech will use the funding for its hiring and expansion plans, allowing it to deliver projects from government, NGO and charity clients.

“As investments from state-backed agencies both at home and abroad signal further support of this promising technology, it is extremely encouraging to see these highly regarded institutions identifying blockchain as an active area of innovation while also embracing the technology for future transformative projects,” said Joseph Thompson, CEO at AID:Tech.

Also Read

New registry aids in accurate ESG reporting

Singapore businesses see AI-powered search engines boosting productivity at work: study

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit