Innovation Grant Worth $15 Million to Encourage Asian Blockchain Startups

Innovation Grant Worth $15 Million to Encourage Asian Blockchain Startups

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

This innovation grant comes as the company announced partnerships with leading accelerators in Asia to incubate selected projects.

Targeting Asian projects

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.

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.