The BlockStart consortium wants to support blockchain startups and programmers. Projects that develop technology-based retail, fintech and ICT solutions can apply for the first call of the Bright Pixel-led program in partnership with F6S and CIVITT consultant. The 20 selected candidates will have the opportunity to receive up to 20,000 euros in funding, equity free, mentoring and the possibility to make commercial pilots.
Startups and programmers developing blockchain-based solutions can apply by February 10 on page at BlockStart. The 20 selected projects will be presented during Pixels Camp, which is considered the largest Portuguese hackathon, between March 26 and 28, 2020.
Over the next two years, Block Start plans to make two more calls to its initiative. The European project put in place by the consortium has about € 800,000 to support 60 entrepreneurs and 60 SMEs, with a view to promoting good practice using this technology through workshops, conferences and reports.
For Celso Martinho, co-founder and CEO of Bright Pixel, quoted in a press release, this is an ambitious initiative. The consortium believes that “this market validation model will allow many projects to grow and improve faster, thereby promoting faster adoption of blockchain technology by companies,” says the official.
In the 2019 edition of the Web Summit, FlowPay, an Italian startup that developed an intelligent billing system for automatic cash flow and payment management, was one of those shortlisted for the first call to the project.
Launched in September last year, BlockStart was born with the mission of helping small and medium businesses realize the potential of blockchain technology in order to implement innovative solutions developed by programmers and startups. Bright Pixel assumes itself as the consortium leader of this European project, to drive the adoption of a technology in which the company has been developing projects and investing, as well as F6S and CIVITT consultant as partners.