AnApp Blockchain Technologies Limited (“AnApp”), the IoT (Internet of Things) blockchain developer behind IOTW (a new cryptocurrency for IoT applications), announces that AnApp has been selected by 500 Startups (https://500.co) to participate in the 24th Batch Accelerator Program (Batch 24). 500 Startups is a venture capital firm and seed accelerator in Silicon Valley.
Founded in 2010, 500 Startups manages over $400 million in committed capital and has invested in over 2,000 companies across more than 60 countries, including Grab, Udemy, Carousell, Twilio (NYSE: TWLO), SendGrid (NASDAQ: SEND), Credit Karma, etc.
Mr. Frederick Leung, Founder and CEO of AnApp, said, “We are very pleased to be selected from 2000 companies to join this top accelerator program in Silicon Valley. The acceptance rate is about 1%. Four out of 21 companies are blockchain companies in Batch 24 and IOTW is one of them. It is a huge recognition to our business model and unique technologies: Proof of Assignment, Micro-mining, and Block Witness Protocol. It is a milestone for IOTW to gain great support from the program and to be taken to the next level. In addition, it sends a strong signal to the global IoT market that IOTW is a pioneer in the IoT world and has massive potential to revolutionize the IoT industry.”
Being a member of the 500 family, IOTW has been participating in this 4-month seed program in San Francisco since October. There will be a plenty of workshops and talks, and IOTW gains extensive professional mentorship, office space and great opportunities to connect with investors and partners. On February 28th, 2019, 500 Startups will host a Demo Day and all new members of Batch 24 will have a chance to show the world features of their products and services.
AnApp (website: iotw.io) is developing the IOTW cryptocurrency and blockchain software which can run on different IoT devices. The micro-mining software can be embedded into different IoT chipsets and also downloaded into existing IoT devices through a firmware update.
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