The Starknet Foundation has announced the introduction of a new grant program aimed at fostering innovation and growth within the Starknet ecosystem.

With a generous allocation of $5 million worth of USDC, the Seed Grants Program seeks to provide vital support to emerging projects on Starknet, an Ethereum layer-2 scaling solution leveraging zero-knowledge rollup technology.

The initiative is designed to assist at least 200 promising teams by awarding each recipient $25,000 in USDC.

These grants are intended to serve as a catalyst for projects in their final stages, offering them the necessary resources to successfully launch on Starknet.

Specifically targeting projects related to Starknet that have already developed a minimum viable product (MVP) or proof-of-concept, the grant program aims to lower barriers and alleviate burdens for young teams venturing into project development.