String Labs Makes Available Grants for Open Chain Finance projects on Ethereum

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String Labs out of Hong Kong has announced a Grants Program for open chain finance projects to further support community initiatives for  between $2,000 to $10,000 per project. In addition, if it’s directly related to their autonomous finance DAO (mirror asset / credit system), future DAO tokens would be considered.

Open chain (a.k.a public Blockchain) finance are crucial to unleashing the power of Blockchain via true disintermediation. Unlike private or federated chains that mostly optimize for financial incumbents, open chain finance directly help end users around the world to send value, invest or borrow via smart contracts or DAO (Decentralized Autonomous Organizations), including anyone in the 2.5 billion un/underbanked who has a $4 smartphone. This will further inspire a new wave of smart contract developers to re-imagine finance.

Guidelines / Criterias

  • Open source under MIT or similar licenses, and designed to run onEthereum public chain.
  • Clear deliverables for next 6-12 months. Strong plus for projects with existing code or research paper.
  • The grant will not take any equity or commercial interest in your project.
  • Good examples of proposals we’re interested in: Financial exchange clients, mobile wallet, peer-to-peer DApp store, innovative financial protocols, etc.
  • We have a nice office space in Mountain View, California (Silicon Valley) that we encourage grant winners to utilize/co-work with our team with rent covered, but also open to any international applicants.

First batch of grants deadline will be Jun 31st, 2016. Each grant will be reviewed and awarded on a rolling basis.

What should a proposal describe?

  • The project’s goal, scope and how it is better than a centralized financial application equivalent (if exists)
  • Team member’s relevant coding, research experiences and Github repo
  • The amount of funding requested ($2k — $10k)
  • Communication channels on updates

Submit your proposal

Email: grants@string.technology

Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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