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Solana Foundation Convertible Grants

Solana Foundation

Rolling milestone-based convertible grants for public goods that have a commercial component; no amount or conversion terms are published.

What you get

Not publishedCash
Time to decisionwithin 21 days
Strings attachedSet clear, measurable funding milestones; open-source the usable parts of the project and share learnings.

Can you apply

VC backingNot required
Referral or partnerNot required
Registered companynot stated
IndividualsEligible
Open sourceProject must be open source
CountriesOpen worldwide
Before you applyApplication must include a project overview, a statement of how the project provides a public good for the Solana network, and a well-structured budget proposal with thoughtful milestones.

Projects that are primarily commercial in nature usually won't qualify for a standard grant from the Solana Foundation, and should consider a convertible grant. Anyone can apply for funding from the Solana Foundation or other sources. That includes individuals, independent teams, governments, nonprofits, companies, universities, and academics.

When

Always open, applications reviewed on a rolling basis.

What Solana Foundation funds

Funds projects that generate public goods for the Solana community and that other ecosystem participants can learn from and build on. Applications are reviewed on a rolling basis and are judged on public-good value, open-sourcing, why the work is only possible on Solana, and a clear milestone-based use of funds.

Everything Solana Foundation funds →

Details

The Foundation's second standing funding path: "Milestone-based convertible grants for public goods with a commercial component." Directed at applicants whose work is "primarily commercial in nature" and so would not qualify for a standard grant. Same application form and rolling review as the standard grant. The page publishes neither an amount range nor the conversion terms, so equity treatment is left unknown here.

Apply on Solana Foundation