Neo is excited to announce the Elevate Program, designed to support innovative projects launching on Neo X, our newly launched EVM-based MEV-resistant sidechain. With a total grants pool of up to US $20 million, the program offers various tracks to support projects at different stages of their growth lifecycle. We encourage projects and developers to apply early to be among the first to launch on this groundbreaking network.

There will be two primary tracks for supporting developers and projects: Grants and Investment.

Elevate Grants 

Elevate Grants are aimed at fostering innovation, supporting open-source projects, and encouraging the development of the Neo X ecosystem without the expectation of financial return. 

For early-stage Web3 initiatives, Elevate can provide crucial financial support to help them get off the ground, ensuring they have the resources needed to develop and grow. For faster-growing projects that are not yet mature enough to qualify for traditional investment tracks, Elevate can offer liquidity support and aid in user acquisition efforts. This will enable these promising projects to scale up their operations effectively and expand their impact.

Projects should be prepared to achieve specific milestones, deliverables, or provide community benefits as part of the funding agreement.

There are two tiers in the Elevate Grants:

Genesis Track

The Genesis track is designed for innovative, early-stage projects/products that will contribute to a robust and thriving Neo X ecosystem. Genesis grants are available up to $50,000.

Projects that should apply include, but are not limited to, mainstream dApp types such as DeFi platforms, games, AI, NFT related projects, decentralized social networks, DePin, and other Web3 related businesses.

Genesis grants are also ideal for development environments, open-source tools, and libraries, such wallets, explorers, and on-chain data aggregators. 

Further, applicants may also seek funding for education initiatives and community building activities such as hackathons, interactive tutorials, and social events. 

Partner Track

The Partner track is designed for established core infrastructure projects already operating on other EVM networks. 

Examples of projects that should apply to the Partner Track include but are not limited to RPC node providers, indexing solutions, oracle networks, and interoperability solutions. 

Elevate Investments

Elevate Investments are designed for established projects which will provide Neo X with strategic advantages. Project should demonstrate an outstanding user base, high TVL numbers, and a stable operation history. Investment packages of up to $500,000 are available for projects with a minimum of six months operation, growing user base, and proven business model, or new projects that are led by teams with similar achievements on other chains. 

Examples of projects that should apply are included but not limited to decentralized exchanges, lending protocols, perpetual products, liquid staking derivatives, restaking services, account abstraction (smart contract wallets), stablecoins, and NFT related platforms.

Projects seeking investment through Elevate should email proposals directly to neox@neo.org.

More information about the Elevate funding program: https://x.neo.org/elevate

Applications for the Elevate funding program can be submitted via the following link: https://26c9q46ivdh.typeform.com/NeoXElevate