BCB Launches An Innovation Grant To Encourage Blockchain And Development On Its Ecosystem
BCB Launches An Innovation Grant To Encourage Blockchain And Development On Its Ecosystem
June 29, 2020
BCB Launches An Innovation Grant To Encourage Blockchain And Development On Its Ecosystem
BCB Launches An Innovation Grant To Encourage Blockchain And Development On Its Ecosystem
June 29, 2020

Building Cities Beyond (BCB) Blockchain, a Singapore-based tech solution company for smart cities, has launched an innovation grant, worth $15 million, to encourage blockchain and development on its ecosystem.

It has been reported by  Fintech News Singapore that this innovation grant comes as the company announced partnerships with leading accelerators in Asia to incubate selected projects.

However, the BCB Innovation Grant is said to target up to 1,000 projects within Asia.

The $15 million grant will cater to technology startups in the region, with grant participants also gaining access to BCB workshops and facilities to assist and bolster their development capabilities.

Douglas Gan, the CEO of BCB Blockchain, said:

“As BCB continues to grow its ecosystem, we realize the vast potential of blockchain technology in everyday applications. We are looking at holistic approaches to support and reach out to existing and upcoming projects on the BCB protocol. The launch of the grant is part of this approach, as we look to support our partners in the midst of a challenging economic climate.”

Thus, BCB will also set aside $2.8 million of its innovation grant to fund game development projects on the BCB platform, in order to attract developers to its platform.

ALSO READ :  Blockchain Investment In China Has Dropped Over 40% In 2019

Source: Cointelegraph | Image: Entrepreneur


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.