Who’s eligible for a grant?
Anyone can apply for a grant, including individuals, teams, nonprofits and companies
How long does the evaluation process take?
Timing varies depending upon the number of inbound applications, but typically it takes around 4 weeks to get from application to final funding decision, with an additional 2 weeks to complete the compliance process for accepted projects.
How does the Sui Foundation communicate with applicants?
All communication is done via email, using the email address provided in the application form
How do I know which grant type I should apply for?
Read the descriptions and criteria to determine which grant most closely aligns with your project. If you are unsure then apply for a Builder Grant and the Sui Foundation will route your application to the correct review team.
How do I apply?
Complete our online application: https://airtable.com/shrkLWBRNPL89f0SX
What is required to be eligible for grant funding?
Project owners must pass KYC and/or KYB to receive grant funding. In addition, they must sign an online grant agreement that outlines terms between the Sui Foundation and project owner.
What size are the grants?
Most grants average between $30-40k USD. However, there is no minimum or maximum amount. Projects are assessed on how realistic the ask is as related to the deliverables. Academic Research Awards are a fixed $25k USD grant.
How will grants be distributed?
Sui tokens are the default payment method for all grantees.
Are individuals or organizations from any country allowed to apply?
We can not accept projects from:
- North Korea
- Iran
- Cuba
- Syria
- Crimea, Donetsk, Luhansk regions of Russia/Ukraine
Can I apply for multiple grants with different project proposals?
Applicants can apply for different programs at once, however the reviewers and committee will take into account the team size and ability to execute multiple initiatives simultaneously.
Are there any restrictions on how grant funds can be used?
Grant funds must be used to achieve the mutually agreed upon milestones set forth in the grant agreement. TheFoundation may require an audit on a project’s use of the grant funds to ensure the use of proceeds is in accordance with the terms of the grant including the milestones.
If my project is selected, what are the reporting and accountability requirements?
If your project is selected, you will be required to submit monthly reports and provide milestone evidence. These reporting and accountability requirements ensure regular updates on project progress and demonstrate the completion of key milestones. Monthly reports should outline project activities, achievements, challenges, and notable developments during that period.Milestone evidence includes tangible documentation or proof of completed milestones as specified in your project proposal. These requirements help track project advancement and ensure transparent use of grant funds.
If accepted, how are payments broken down?
Projects are distributed grant funding on a milestone basis. Projects receive an initial amount upfront with additional funding released on successful completion of milestones. The Foundation may require an audit on a project’s use of the grant funds to ensure the use of proceeds is in accordance with the terms of the grant.
Can I apply for the grant program if my project is still in the early stages of development?
Yes, the Sui Foundation welcomes projects that are in the early stages of development. However, please note our evaluation criteria considers the feasibility, potential impact, and clarity of your project proposal, even if it is still in the early stages. Be sure to provide as much relevant information as possible about your project's objectives, roadmap, and expected outcomes.
Can I submit a proposal for an existing blockchain project that requires funding for expansion or improvement?
Yes, we are open to supporting projects which are active on other blockchains and exploring an integration Sui blockchain.
Can I collaborate with other individuals or organizations on a project proposal?
Yes, we encourage community/ecosystem participants to collaborate on projects.
What happens if my project is not selected for funding?
If your project is not selected for funding, we understand that it can be disappointing. Remember, not receiving funding does not necessarily mean that your project lacks merit. It could be due to factors such as budget limitations, project alignment with specific objectives, or the level of competition. We encourage you to refine your project and explore alternative avenues to bring your project or initiative to fruition.
Can I reapply for the grant program in the future if my initial application is not successful?
Yes, you can usually reapply for a grant in the future, even if your initial application is not successful. We understand that projects evolve and improve over time, and we encourage applicants to refine their proposals based on feedback or lessons learned from the initial application.
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