Singapore-based developers launch $15 million fund to boost blockchain project development
Building Cities Beyond (BCB), a Singapore-based developer focused on smart city solutions, has announced the BCB Innovation Grant — a $15 million fund designed to strengthen the developer ecosystem for blockchain projects built on the BCB protocol.
According to a recent report by FinTech Singapore, the grant aims to support blockchain projects across Asia by providing financial resources, technical assistance and access to development facilities. BCB intends the program to encourage adoption of its protocol and accelerate the growth of promising blockchain startups in the region.
To expand reach and resources, BCB is partnering with the Institute of Blockchain Singapore (IBS). The collaboration will grant students and early-stage startups access to BCB workshops, development spaces and mentorship, helping teams refine their products and scale more effectively.
The initiative targets up to 1,000 projects in Asia, reflecting BCB’s goal to cultivate a broad base of developers and startups that can compete and cooperate at a global level. By concentrating support where emerging teams need it most, BCB hopes to foster faster innovation and stronger market-ready solutions.
The announcement follows several strategic partnerships BCB has formed with accelerators and regional institutions to nurture selected projects in Southeast Asia. The company has worked with the Philippines’ Department of Science and Technology and recently signed a memorandum of understanding with the Access Blockchain Association in Malaysia, which is registered under that country’s Ministry of Home Affairs.
These partnerships are intended to identify mature projects and provide tailored support addressing common startup challenges such as funding, technology development, workspace and business growth. Such targeted assistance could be instrumental in helping the startup community recover and expand in a post-pandemic economy.
Within the $15 million commitment, BCB has reserved $2.8 million specifically to fund projects built on its platform. This allocation is intended to attract and incentivize developers to adopt the BCB protocol and to seed promising applications that demonstrate real-world value.
Douglas Gan, CEO of BCB Blockchain, noted that as the BCB ecosystem grows, the company sees significant potential for blockchain to be applied in everyday contexts. He emphasized a holistic approach to supporting both existing and emerging projects on the protocol.
“The launch of the grant is part of this approach, as we look to support our partners in the midst of a challenging economic climate,” Gan said, underscoring the program’s role in providing practical assistance during uncertain times.