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#Post#: 26--------------------------------------------------
Columbia's Bogota ready to finance blockchain technology with
2.3million dollars
DIR By: guest3
Date: June 25, 2021, 9:33 am
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The city of Bogota will support blockchain companies with direct
financing through a series of funding programs. The program,
called Hub Blockchain Bogota will deliver 2.8 billion pesos
($740K) to blockchain-based companies with useful initiatives.
The Jorge Tadeo Lozano University, Innpulsa, and Biointropic y
Tribe Accelerator Singapur are also supporting this initiative.
The companies interested will have to present their proposals to
Fitic, the Bogotá Innovation, Technology, and Creative
Industries Fund (FITIC). This institution will decide what ideas
will be eligible for getting financed. The projects will the
most innovative ideas directed to solve problems in the city
will have the advantage.
Each startup will receive from 10 million up to 50 million pesos
to develop its proposals. The startups selected will also get
technical advice from FITIC to implement their ideas. The
institution expects to benefit 100 startups with this program.
Making a Smarter City
The Hub Blockchain Bogota program is part of a bigger initiative
to make Bogota a smarter city, according to its mayor, Claudia
Lopez. There are other programs following this direction for
other industries too. Design Bogota seeks to reinvent the
companies in the city offering products and services through the
adoption of new technologies. Another program called Innovative
Green Businesses will fund companies developing initiatives to
impact the environment in a positive fashion.
Lastly, Environment 2021 will power current companies to develop
new tech-based products and services. Mayor Claudia Lopez
stated:
With these four FITIC programs we will help those companies and
entrepreneurs who are looking for new solutions to respond to
current and future challenges, as well as those generated by the
fourth industrial revolution.
This movement is proof of the importance that cities are giving
to new technologies like blockchain. Colombia launched a Bitcoin
sandbox last month partnering cryptocurrency exchanges with
banking operators. This can lead to the refinement of its
regulatory framework to receive more cryptocurrency and
blockchain-based companies in the future.
What do you think about Bogota blockchain financing programs?
Tell us in the comments section below.
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