How to get funds for Your Nimiq based project

1 month ago on January 23, 2020

The Nimiq Foundation, which is the organization developing the Nimiq blockchain, has a program to fund projects that contribute to the Nimiq ecosystem and incentivize adoption of the cryptocurrency.

If you have an idea for a project that you need a little help getting off the ground, the Nimiq Community Funding Board would love to give you a helping hand with funding, mentorship and much, much more.

To get the ball rolling, all you need to do is to read the guide bellow (originally posted here) and email your proposal to [email protected].

Project Proposal Template

Below you can find a suggested template for a project proposal. You can also find a real proposal example here.

Project Description

Include a detailed explanation of what is the goal of the project. Describe its audience, desired features and general features.

Project Team

Team members, their area of expertise, role and relevant information.

Requested funding

Describe the different parts of your project that need funding and be specific about how you plan to use the funds for each separate part. Is important to provide reasonable, well-thought realistic expenses like:

  • Infrastructure costs (like servers hosting)
  • Security audits from Team Nimiq.
  • Technical advice from Team Nimiq.
  • UI/UX design from Team Nimiq.
  • Miscellaneous costs required to create an MVP (Minimum Viable Product) or, in the case of a not-for-profit project, costs to maintain the project.

Rewards might be given to participants in the project. Such rewards are decided by the board by analyzing the project itself and the work it was necessary to carry out.

External funding

Have you received, or plan to receive, funding other than the requested to the Nimiq Community Funding Board. This includes planned business models for your project.

Project Characteristics

In case of software or application development, is the project:

  • Open Source
  • Backend/Frontend or both

For the kind of business, is the project:

  • Non-Profit

Detailed Project Plan

Must include expected development times for a software or application project. Goals and ways to mesure progress for other kind of projects. Details about future ideas or follow-up projects are also appreciated.

Demo or Precedents

If any, include: prototypes, mock-ups. initial designs, previous instantiations or executions of the project.

How to request for Project Funding

  1. Check the Community Funding Trello for discussion on projects proposals.
  2. Ask in Telegram/Discord, or check in the section Project Ideas of the Nimiq forum, for ideas of possible projects.
  3. Read the official announcements of the Nimiq Community Funding Board Meetings.
  4. Read carefully the suggested Project Template in the section above.
  5. Send a PDF document with all the information and the project proposal to [email protected].
  6. Your proposal will be discussed in the next Community Funding Board Meeting and a decision will be made publicly in the Community Funding Trello.

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