- Partnering accelerators in Southeast Asia to incubate selected projects
- Collaborations with educational institutions to support aspiring Blockchain talents in Singapore
Building Cities Beyond (BCB) Blockchain has announced the launch of its BCB Innovation Grant. The Singapore-based Blockchain developers for smart city solutions plan to award US$15 million in grants to projects developed on the BCB protocol.
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| Source: BCB Blockchain. Gan. |
The BCB Innovation Grant will target up to 1,000 projects by tech startups within Asia. Grant participants gain access to BCB workshops and facilities to assist and bolster their development capabilities. As part of its plans to attract developers to its platform, US$2.8 million of the innovation grant will be focused on funding game development projects on the BCB platform.
Douglas Gan, CEO of BCB Blockchain, said “As BCB continues to grow its ecosystem, we realise the vast potential of Blockchain technology in everyday applications. We are looking at wholistic 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.”
As part of the company’s efforts to encourage innovation and strengthen its own ecosystem, BCB Blockchain has also announced partnerships with 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 company has signed memoranda of understanding (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.
The partners will look to identify growth-stage projects and collectively help the startups with challenges such as funding, technology, working space and business development.
BCB will also support the upskilling of existing professionals and nurture future talents in Singapore in line with Singapore’s Future Economy strategies.
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 the BCB Hackathon, set to take place in the coming months to showcase their concepts and score commercialisation opportunities. BCB is also reaching out to other higher learning institutions to co-create workshops and educational events in the region.
“The strategic partnerships with educational institutions and accelerators will seek to address gaps in nurturing future talent, and provide support for projects as well as upskilling opportunities for developers looking to step into the Blockchain space,” added Gan.
The BCB Blockchain protocol integrates artificial intelligence, cloud computing, big data, virtual reality, robotics and hardware to create smart city solutions. BCB has offices in seven countries.
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