Columbia Capital supports blockchain and emerging technologies with US$2.3 million in funding

The Colombian capital, Bogotá, is funding blockchain development as part of the city’s broader investment in innovative technology.

According to an announcement on the official website of the city of Bogotá on Monday, the city government will provide As part of four new projects of the City’s Innovation, Technology and Creative Industries Fund (FITIC), 8.8 billion Colombian pesos (2.3 million US dollars) were provided to local companies.

The new funding includes donations of 2.8 billion pesos (US$739,000) to the development of local blockchain startups through a program called “Hub Blockchain Bogotá”. The project aims to support 100 companies that focus on blockchain to improve their competitiveness in the global market and provide technical advice for participating companies to implement blockchain.

The new innovation funding event was organized with the support of the Senior Mayor of Bogotá, the Secretariat of the Economic Development Zone, Jorge Tadeo Lozano University, the National Entrepreneurship Agency Innpulsa, and the Singapore blockchain accelerator Tribe Accelerator.

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The Mayor of Bogotá, Claudia Lopez, said on Twitter on Monday invite Local companies began to apply for the program on June 25. “Each company will be able to receive between 100,000 and 50 million pesos from FITIC to be able to advance their ideas,” the mayor said.

Colombia has been actively exploring blockchain technology.In August last year, the Colombian Ministry of Information Technology and Communications Call for the adoption of blockchain in the public sector Technology in the fields of payment, land registration, voting, data management, supply chain, etc.Previously, Bogotá Launch a series of free online courses A wide range of new technologies including blockchain.