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Starknet Foundation Announces Seed Grant Program to Enhance Growth on its Ecosystem

TL;DR

  • Starknet Foundation Announces a $5 million grant program for blockchain projects to help enhance the growth of its network. 
  • The seed grant program will provide up to $25,000 to each project team and target at least 200 deserving project teams. 
  • The seed grant program is a new initiative designed to provide teams with grants of up to $25,000 in USDC in non-dilutive funding.

Starknet Foundation just rolled out a seed grant program in an initiative to provide teams with the capacity to build and grow on the Starknet ecosystem. The program aims to enhance the growth of the Starknet ecosystem. The Starkent Foundation set aside $5 million in grants, which will be available to project teams in USDC over the course of the development period. 

The grant program is open to all submissions types with a relatively simple application and evaluation process to ensure a quick turnaround time on acceptance. You can apply for the Starknet Seed Grant through their official application form.  

The Starknet Seed Grant focuses mainly on smaller projects that are not well-established within the blockchain community. This particular seed grant program will focus on projects with minimum viable product (MVP) or proof of concept in the Starknet. 

As Starknet mentions, the grant is suitable for project teams that are actively participating in the Starknet community through hackathons, builder programs, or entry-level initiatives. Besides these, project teams with an already developed MVP, proof of concept, or teams keen on using and building on Starknet are all eligible. 

Starknet Foundation Seed Grant – Application Process and Requirements

To become a successful applicant for the Starknet Foundation Seed Grant, applicants must provide a clear and concise roadmap detailing how they plan on using the grant over a three-month period. 

After the application is received, the Starknet Foundation, through its special internal committee, will review each application and make selections. Results will then be released within two weeks of application review. Importantly, the successful applicants (Grantees) will be required to go through a KYC process and sign a grant agreement to receive the funding. 

As a follow-up measure, the grant process has a post-grant check-in stage after three months, where the Starknet Foundation will revisit the project teams to monitor progress and assess the results. As part of the agreement, successful grantees will also be required to provide progress reports and updates in the form of videos, blog posts, and AMAs with the Starknet Foundation. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Collins J. Okoth

Collins is a skilled Crypto, Blockchain, and Financial Analyst with years of experience writing about blockchain technology, cryptocurrencies, and finance. His background in Actuarial Science and Finance gives his articles authority and real value to readers.

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