Building Cities Beyond (BCB) Blockchain, a Singapore-based company dedicated to technology solutions for smart cities, has launched a $15 million innovation grant to encourage growth in its ecosystem, according to Fintech News Singapore.
The innovation grant was awarded because the company announced a partnership with leading accelerators in Asia to incubate selected projects.
The BCB Innovation Grant is intended for up to 1000 projects in Asia. The $15 million grant will go to new technology companies in the region and participants will also have access to BCB workshops and facilities that will help and strengthen their growth potential.
The BCB will also allocate USD 2,8 million from the innovation grant to finance game development projects on the BCB platform, in order to attract developers to its platform.