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.
Singaporean blockchain developers Building Cities Beyond awarding $15 million in grants to expand its ecosystem https://t.co/uyGZ7acg2F — Cointelegraph (@Cointelegraph) June 28, 2020
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.