€200,000 equity-free funding and 12-month programme available to IOTA and DLT development ecosystem

The IOTA Foundation is proud to support LEDGER, an European Commission funded project, which is looking for people working on decentralized technologies. Selected teams will access their 12-month programme and gain up to €200k equity-free.

LEDGER is looking for enterprise ideas that respect data sovereignty and operate in alternative space to the concentration of data in a few proprietary platforms. The EU will invest in this by accelerating 32 teams into companies with a solid human centric values business model.

LEDGER is part of the Next Generation Internet initiative from the EC, and aligns with the objectives of the European Blockchain Partnership signed on April 2018. From the total amount granted, €5.6 million will be distributed in cash to teams using decentralized technologies (aka blockchain) for data governance. The deadline for the first open call is the 30th April.

So far, the European Commission has invested more than €80 million in blockchain projects for societal use. By 2020, the European Commission expects to allocate around €300 million to blockchain initiatives like LEDGER.

The IOTA Foundation is excited to support the LEDGER initiative due to its citizen centric focus. The shift away from external ownership of personal data to a human-centred model is a focus of the Foundation. As such, the IOTA protocol has been designed to empower individuals, alongside IoT, to engage with their surroundings in a decentralised manner.

LEDGER represents an opportunity for the members of the IOTA ecosystem to build ventures that empower individuals and transform digital governance through the use of Distributed Ledger Technologies.

We encourage the IOTA community to apply before the deadline of April 30th. For more information and to apply for funding, visit: https://ledger-open-call.fundingbox.com/.

— -

LEDGER is a consortium led by FundingBox (Poland, Spain and Denmark) in partnership with Dyne (Holland) and BLUMORPHO (France and Germany).

Contact point for LEDGER:

Andres Sanchez: andres@fundingbox.com

Federico Bonelli: fredd@dyne.org

Cassandra Holden: holden@blumorpho.com

About IOTA:

IOTA is a not-for-profit foundation incorporated and registered in Germany. The IOTA Foundation’s mission is to support the development and standardization of new distributed ledger technologies (DLT), including the IOTA Tangle. The IOTA Tangle is an innovative type of DLT specifically designed for the Internet of Things (IoT) environment. It is an open-source protocol facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less real-time micropayments, and the collection and dissemination of sensor-based and other data.