These grants will be offered to develop promising ideas and project to a seed capital or MVP level and to help students and young entrepreneurs testing their vision in real life. Grants will be released according to an agreed project delivery schedule. The process for achieving a grant is simple and quick. No equity or tokens will be required for such a start-up grant. In return, Seier Capital will receive a possibility of converting the grant to equity at the seed round of the project.
Form of grant:
Grant is distributed as decided by the Investment Committee. i.e.
- 1/3 upon presentation of an approved project deck.
- 1/3 upon launching the project MVP on Concordium testnet.
- 1/3 upon launching BETA project on Concordium mainnet.
The investment committee will consider the following:
- Possibility of converting the grant to equity at the seed round of the project.