Terms and Conditions
A. Eligibility
Applicants must be 18 years of age or older to apply for a grant.
Projects can be from any geographic location, as long as they comply with local laws.
Applicants must hold our native token for grant disbursement.
B. Grant Size and Funding Allocation
Grants are awarded based on the stage of the project and the total amount requested:
Early-Stage Projects: Up to $20,000 USD.
For individuals or teams starting with a concept or prototype.
Payment made stablecoins.
Funding may be provided in tranches based on milestones.
Growth-Stage Projects: Up to $50,000 USD.
For teams with an existing product, looking to expand and scale.
Payment made in stablecoins, with a lock-up period for certain portions of the grant.
Accelerator Grants: Up to $100,000 USD.
For well-established projects looking for strategic support and rapid scaling.
Involves both funding and guidance from Asimov Foundation advisors.
C. Payment Terms
Grants are typically disbursed in stages, with each stage dependent on meeting key milestones.
Payments will be made via Vesting Contracts, which allow for funds to be released incrementally over time.
Milestone Reports: Recipients are required to submit monthly reports to track progress. Failure to submit regular reports may result in delayed payments or discontinuation of funding.
D. Intellectual Property
Ownership: You retain full ownership of the intellectual property (IP) related to your project. The Asimov Foundation will not claim any rights over your creation.
Open Source: While not mandatory, we strongly encourage open-source development. Projects that share their code or resources will receive greater visibility and support from the community.
E. Non-Compliance
Failure to adhere to the terms and conditions, misuse of funds, or failure to deliver on milestones may result in revocation of the grant and possible legal consequences. Grantees are subject to audit at any time during the grant period.
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