[Schwyz] The Hashgraph Association, the Swiss-headquartered non-profit association accelerating broad adoption of the Hedera network worldwide, has announced the onboarding and qualification of over 35 projects set to receive grant funding and expert coaching to develop Hedera-powered solutions through the Hashgraph Innovation Program.
Participating projects will be developing solutions in FinTech, InsurTech, GreenTech, AgriTech, SportsTech, MediaTech, DeFi, Stablecoins, Web 3.0, Gaming, Metaverse, NFTs, DAOs, and Tokenization.
The Hashgraph Innovation Program, a professional training and innovation program launched by the Association in April 2022, in close collaboration with Swiss Digital Assets Institute (SDAI), will provide grant funding of up to USD 250’000 for startups, USD 750’000 for enterprises, and up to USD 1’500’000 as co-investment in government initiatives, including funding of strategic projects and initiatives that encourage mainstream adoption of the Hedera network around the globe.
Thus far, three cohorts of 12 projects each from around the world have completed the qualification stage and are set to develop enterprise-grade solutions and decentralized applications on the Hedera network.
Ranging from Europe to the Middle East, Africa, Asia and the Americas, the grant funding promotes projects on a global scale. Participating projects include 88i, AgNext, Capturiant, Deca4, Decimal Point Analytics, Friddy, Metacourt, Nazara, NFT For a Better World, One Global, Rivia, Scenic Swisscoast, The M.O., and Twigital.
Kamal Youssefi, President of The Hashgraph Association, said: “One of our major goals at The Hashgraph Association is to empower organizations of all kinds to build on Hedera and to see the widespread adoption of Hedera-powered solutions across industries.
The grant funding through the Hashgraph Innovation Program will enable us to fuel the further expansion of the DLT industry by actively supporting new innovation and cutting-edge projects powered by Hedera. We’re proud to play this part in the journey of promising projects and look forward to building future applications through the Hashgraph Innovation Program.”
The Hashgraph Innovation Program involves developing decentralized applications on Hedera’s energy-efficient public DLT network.
The program has three key development stages: 1. Learn & Discover, which includes training and ideation workshops, 2. Visualize & Design, where projects focus on design-thinking and proof-of-concept (PoC) modeling, and concluding with 3. Develop & Deploy, which covers the development of a minimum viable product (MVP) and integration.
This program is designed to ensure that the long-term strategic objectives of the projects are achieved in terms of product development, technology implementation, utilization, and economic impact.
Stefan Deiss, Director of Swiss Digital Assets Institute (SDAI) said, “We’ve onboarded an initial group of very promising and innovative projects with high-growth potential from around the world, operating across multiple industry verticals, which we now look forward to empowering through the Hashgraph Innovation Program to develop enterprise-grade solutions on Hedera network.”
In addition, The Hashgraph Association collaborates with some of the world’s largest technology firms and system integrators, which it will be officially announcing in the coming weeks, including leading academic institutions such as University of Zurich (UZH) to further promote mainstream use and accessibility of DLT, while attracting the next generation of talented Hedera engineers.
Youssefi added, “Right now, the DLT space is evolving and quickly maturing. It might be easy to downplay the levels of adoption of this technology across the sectors, but what we’re seeing is a steady cadence of interest and innovation that reassures us of DLT’s strong future," also "Hedera has a track record of improving efficiencies and developing innovative enterprise solutions. Looking ahead, we’re excited to explore the new industry use cases emerging through our grant program.”
