Block.IS, the European Blockchain project accelerates innovation in the areas of agrifood, logistics and finance by supporting blockchain-based application proposals from market-oriented SMEs by investing up to 60.000€ (equity free) and offering mentoring services in the most promising SMEs.
Block.IS organized two acceleration processes to attract, select and fund the best of the best SMEs to generate blockchain-based products, processes and business models with strong market potential in the sectors of agri-food, logistics and finance. The Block.IS Acceleration Process #3 aims to provide a second chance to the projects that have completed successfully the INNOVATE Phase of either Acceleration Process #1 or #2, but did not manage to enter EXPERIMENT Phase #1 or #2.
In parallel to the Open Call #3, the Block.IS Acceleration Process #3 will also organize 2 cluster External challenges/ hackathons. The top three (3) SMEs per challenge/ hackathon will receive 1.000 EUROs as a lump sum, while the winner of each challenge/ hackathon will receive an additional prize of 12.000 EUROs*.
For each challenge there will be one external organization, the challenger, that will define a theme and the problem to be addressed. The theme will be announced with the challenge, though the exact problem will only be announced during the challenge kick-off.
IMPORTANT: Deadline for each Block.IS Challenge application submission is until October 27th, 17:00 CEST (Brussels Time).
*It should be noticed that the 1.000 EUROs lump sum is added to any other grant that has been received by Block.IS so that the cumulative maximum amount of direct funding that an SME may receive via Block.IS is 60.000 EUROs via any mean (e.g. open call, challenges, cluster missions, etc). The 12.000 EUROs prize is provided on top of any other funding and it is not summed to the 60.000 EUROs maximum direct funding.