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