The Interledger Foundation (ILF) and its community are building pathways to financial access and opportunity across the world. We support people and ideas that use the Interledger Protocol (ILP) to contribute to an open payments network built on equitable access through the internet.
In continued service of our mission, and learning from our Grant for the Web program, we are excited to announce the next open Call For Proposals (CFP) to target the creation of more financial nodes in the Interledger network. We will be looking for projects that want to plan and build financial services.
Examples of consumer-facing services we seek to activate as ILP nodes are digital wallets, mobile money providers, banks, neo-banks, and all include these characteristics:
“In our two years of grant-making, we have learned that promise and excitement are not enough for our technology to expand financial access across the globe or to solve local problems. We are at an inflection point in the development of the Interledger Protocol where expanding the network is the critical next step. With this opportunity, we want to help Interledger-driven business models flourish by building on an open standards protocol while solving real problems for real people”
Briana Marbury, Interledger Foundation Executive Director
This CFP will support up to 20 projects through a research, development, and planning phase. This grant opportunity covers phase one, and projects selected in this opening round will be eligible and competitive for round two.
Research & Planning
We will award up to twenty projects $75K USD for a six-month project timeline in this first grant phase. These awards are planning grants that allow successful applicants to produce a dynamic business plan for becoming a node in the Interledger Network. Awardees will potentially have an opportunity to apply to the Prototyping Phase.
Projects will advance with additional award funding to implement their plan and produce a working prototype/beta version of their service. This phase will focus on practical application and regulatory compliance to stand up a working prototype of the node and the capability it creates for its users.
Building from the first two phases, we will identify a set of projects that are ready to be operational. With the third round of awards, ILF will fund, support, and help launch fully functioning financial nodes into the Interledger Network.
We will begin accepting applications for the Research and Planning phase on May 17, 2022.
We need new voices and ideas in the Interledger Network
We want to ensure that these financial innovations are coming from and created outside the typical locales and demographics. We seek to support communities that have – and continue to be – systemically and deliberately excluded from financial access and empowerment opportunities. For this CFP, we will increase the scoring of the following criteria in our judging process: