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What is Interchian Foundation?

Interchain Foundation is a non-profit organization based in Switzerland. It provides development and research support to decentralized networks.  The company has now launched a grant program for funding and collaborating with different projects.  

The company has launched a cosmos network, in order to encourage decentralization in the Cosmos ecosystem this funding program was launched. The funding will allow the developer entities to create applications and generate new ideas to ensure the success of the interoperable blockchain called cosmos.

 The grant is provided to the company that creates chains using Tendermint, CosmosSDK, CosmWasm, and IBC. This funding program is by the name of Builders Program on the Interchain website. 

Grant size: 
Varies on grant type
Founded
:
2018
Location:
Baar, Switzerland
Token:
ATOM
Website:
interchain.io

The Interchain Foundation Grant Program Guidelines

Available areas to seek grant for:

With the grant program, the Interchain Foundation provides mentorship, support, and access to a wide network of partners. An experienced team will lead the program. The guidance will be provided in:

  1. Incorporation and Fundraising Support
  2. Marketing and GTM Strategy
  3. Tokenomics & Token Distribution
  4. Network Bootstrapping
  5. Engineering, Product, and UX Development
  6. Community & Governance
  7. Access to investors and infrastructure partners

Application Process

In order to apply for this, grant an application is filled out online. After submission, the team may contact the candidate within two to three weeks of applying. After the application is submitted it is evaluated by the Builders program committee and an introductory call is made by them to your team. 

Teams who are looking to apply for the grant should have an experienced team and a clear vision of the project. A successful application will have a compelling idea and a well-thought-out project proposal. The application should be filled with information that is detailed and specific. The teams can enter at any stage in the program. 

The Builders team will also help the applying team with the fundraising stage by developing a good strategy and navigation through the funding process. The application for the program can be submitted at any time of the year. 

Guidande through the phases

The program’s runtime will differ for every project depending on its stages and requirements. Next is the onboarding phase which requires multiple sessions between the Builder programs company and the project team. This is done to determine the areas that need support and the milestones for the building phase.  

The last phase is the building phase. In this phase, the previously created milestones are executed along with the support provided by the builder program team. They will check the progress regularly and provide technical support with the help of their developers. 

Other grant programs

Binance

Binance is open to funding a wide variety of projects, from beginners to expert teams. There is a variety of documentation, tutorials, and tools available to begin developing. 

Lisk

The Lisk Grant Program offers Javascript developers grants of up to 60,000 CHF for building Blockchain Applications with the Lisk SDK. In total, after all, four milestones are reached.

Ethereum

The Ecosystem Support Program, which is the direct provider of grants, is a branch of the Ethereum Foundation, which exists to facilitate and fund the development and expansion of the technology of and using Ethereum.