BCB Blockchain Announces USD15 Million Grant and Support Initiatives for Asia’s Tech and Blockchain Startups

Building Cities Beyond (BCB) Blockchain has announced the launch of its BCB Innovation Grant. The Singapore-based blockchain developer for smart city solutions will be looking to award USD15 million worth of grants to projects developing on the BCB protocol, as it looks to ramp up development of its ecosystem.

The BCB Innovation Grant will target up to 1,000 projects within Asia. The USD15 million grant will cater to the tech startup ecosystem in the region, with grant participants also gaining access to BCB workshops and facilities to assist and bolster their development capabilities. As part of its plans to attract developers to its platform, BCB will set aside USD2.8 million of its innovation grant to fund game development projects on the BCB platform.

BCB Innovation Grant

Incubating Innovation: Partnership with SEA’s Leading Accelerators

As part of the company’s efforts to encourage innovation and strengthen its own ecosystem, BCB Blockchain has also announced partnerships with some of the leading accelerators to co-incubate startups in Southeast Asia. Building on their earlier partnership with the Department of Science and Technology Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD), the Singapore-based company recently signed MOUs with associations such as Access Blockchain Association, a registered society under the Ministry of Home Affairs in Malaysia; as well as accelerators such as Meet Ventures and Hashed Labs — an Accredited Mentor Partner (AMP) of Enterprise Singapore.

The partners will look to identify growth-stage projects and collectively offer multi-layered support to any challenges the startups may face with regards to funding, technology, working space and business development. Through the partnerships, BCB is striving to boost the startup community, especially those looking to reinvent themselves to survive hits of the pandemic. 

BCB Innovation Grant

Nurturing Singapore’s Future Economy

Prime Minister Lee Hsien Loong recently addressed the nation on a post-pandemic future, where he discussed “Future Economy” strategies. In line with this direction, BCB will look to support the upskilling of existing professionals and nurture future talents in Singapore.

The blockchain-based smart city protocol is partnering with the Institute of Blockchain Singapore (IBS) to extend its initiatives and facilities to students and upcoming technopreneurs. Students will also be able to participate in BCB Hackathon, set to take place in the coming months to showcase their concepts and score commercialization opportunities. BCB is also reaching out to other higher learning institutions to co-create workshops and educational events in the region.

Interested participants will be able to sign up via the online registration form available at https://tinyurl.com/BCB-Innovation-Grant.