Funding of up to 30,000 EUR for 25 blockchain or DLT startups by the European Union

The Blockpool project

Blockpool.eu is a project co-funded by the European Commission aiming to accelerate the uptake of blockchain and Distributed Ledger Technology (DLT) across Europe. The best 25 innovation ideas will be selected and supported on their journey to market. Are you looking for financial support, mentoring or further education? Or maybe you are in desperate need of developers to implement your ideas? While funded by the EU, the Blockpool project is jointly run by a consortium of organizations from Europe. The consortium is led by the Frankfurt School Blockchain Center.

  • Financial services and insurance services
  • Industrial products, agriculture, manufacturing
  • Energy, utilities, raw materials
  • Healthcare
  • Transport, logistics
  • Government, smart cities
  • Retail, consumer, media
  • Social good

Benefits for applicants

Successful applicants will not only receive financial support but will be provided with mentoring support, educational training and be supported by existing DLT networks. Selected projects will receive funding of up to 30.000 EUR. Additionally, participants get to attend boot camps in Valencia, Frankfurt and Limassol. Mentors are allocated to each project to support them on their journey from proof of concept to ready to market.

Who can apply?

If you are a European SME or startup active in or have customers in one of the sectors mentioned and are working on a DLT-based solution or application you want to bring to the market, you should apply to our open call! Your company must be registered in a member state of the European Union or in an associated country of the H2020 program.

Figure 1: Small and medium-sized enterprises can apply

Application process

All applications must be submitted via the Blockpool website. In order to apply each company must provide:

  • Basic company information
  • Business case
  • Project description
  • CVs of team members

Timeline

Applications need to be submitted by February 26, 2020. Applicants will receive an official response to their submission by the end of March. In case the application is successful, the applicant will be required to enter a subgrant agreement, in order to receive the funding.

Associated countries of the H2020 program

Iceland, Norway, Albania, Bosnia and Herzegovina, the former Yugoslav Republic of Macedonia, Montenegro, Serbia, Turkey, Israel, Moldova, Switzerland, Faroe Islands, Ukraine, Tunisia, Georgia, and Armenia.

Alternative funding opportunities

The European Commission funds several Blockchain and DLT initiatives. If you are looking to increase your chances of EU funding, you should also have a look at the Blockchers project. Similar to Blockpool, the Blockchers project is looking for blockchain and DLT initiatives from SMEs and provides funding for successful applicants. All the details can be found on their website. Blockchers also supports startups with financial support and also other benefits.

Remarks

More information about the Frankfurt School Blockchain Center on the Internet, on Twitter or on Facebook.

About the Authors

Robert Richter is a research fellow at the Frankfurt School Blockchain Center (FSBC). His fields of interests are crypto economics and decision making on DLT. You can contact him via mail (Robert.Richter@fs-blockchain.de) and LinkedIn (https://www.linkedin.com/in/robert-richter-cfa-6b36945a/).

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