What is Alogrand?

Algorand claims to be the world’s most decentralized, scalable, and sustainable Blockchain ecosystem, including its own cryptocurrency token. Protected by Proof-of-Stake, it is the first of its kind to support the scale of billions of users. The Algorand ecosystem offers DeFi, Art & Music NFTs, Oracles & Bridges, as well as funding.

The Algorand Foundation, which supports the Algorand protocol and ecosystem, also offers significant support to community developers by offering talks, hackathons, and virtual hacks, which altogether they call the ‘Developer Greenhouse’.

Hundreds of applications have been made using the Algorand protocol, some of which were granted by the Algorand Foundation, which has granted over 13.8 million USD to applicants in DeFi, 7.8M to applicants for NFT projects, 8.4M for gaming, 3.2M for oracles or bridges, and 6.9M for general infrastructure and tooling.

The Algorand Foundation also offers educational opportunities in the form of the Algorand Centres of Excellence (ACE) and the Founding University Programme, which are both aimed at improving the ecosystem of Algorand through the advancement of research and education.

Grant size: 
Varies on grant type
Founded:
2017
Location:
Boston, US
Token:
ALGO
Website:
algorand.com

Apply now

Algorand Foundation Ecosystem Funding

The Algorand Foundation awards grants based upon a referral-based ecosystem. There are multiple programs, currently;

  • Algorand Accelerate (12-week accelerator program beginning on November 14th, 2022)
  • AXL APAC Accelerator (12-week accelerator program beginning in late January 2023)
  • Ecosystem Funding (DeFi, Ecosystem, Gaming, Impact, NFTs)

Accelerators

For those who wish to build a project on Algorand, the Accelerator programs are designed with start-ups and developers in mind. These 12-week programs are open for application for a limited time window. Projects approved for an Accelerator will receive up-front seed funding of 35k USD. Exceptional projects may even be eligible for retroactive investments of anywhere from 500k-2M USD.

Other than direct funding, the Accelerator also offers resources to projects such as access to the Algorand network of corporate partners, technical resources in the Algorand ecosystem, Mentorship (Founders and Advisors from Algorand and partners), and ‘scale-up support’.

The application is via a google form which asks applicants to enter a variety of data, including:

  • Email
  • Name
  • Location
  • Company name
  • Links
  • Full-time or not
  • Team description
  • Project description
  • Motivation and passion for project
  • Previous Blockchain experience
  • Revenue Model
  • Funding goal
  • Pre-money valuation
  • Current funding
  • Previous Algorand experience
  • Why Algorand for the project
  • Special areas of support needed
  • More links
  • How did you hear about us
  • Anything else
  • Agree on Privacy Policy

Ecosystem Funding

For more specific inquiries (by topic) please contact:

  • defi@algorand.foundation
  • ecofunding@algorand.foundation
  • gaming@algorand.foundation
  • impact@algorand.foundation
  • nft@algorand.foundation

Additional Information

The Algorand Foundation has already given out more than 150 grants to organizations of all sizes, and individuals. The grant recipient categories, in no particular order, are:

  • Insurance
  • Dev Tools
  • Infrastructure
  • Use Case
  • Marketplace
  • Exchange
  • Real Estate
  • Gaming
  • Education
  • dApp
  • Research
  • Social Impact & Sustainability
  • Entertainment
  • NFT
  • DeFi






Apply now
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