Special authority to the British government on the development of technologies – Innovate UK boosts support companies that work with blockchain technology.
Innovate UK, not belonging to any of the departments, said that invests in projects that develop products or services with the use of new technologies including the blockchain, 19 million pounds (26.6 million USD). The Agency also allocated an additional 12 million pounds (16.8 million U.S. dollars) for businesses who hire graduates, to participate in the development of the project.
Everyone will have until March 28, 2018 to submit their proposals and must be managed with business or research or engineering group. According to the statement, funding should be at least £ 35,000, and the period for which financing must be at least three months. The maximum available amount of funding is 2 million pounds. In addition, enterprises must be able to self-Finance itself at least at 70 percent.
Projects based on blockchain technologies will compete for funds with projects from other innovative fields such as machine learning, artificial intelligence, virtual reality, etc.