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The program includes a grant fund of 50,000,000 USD, incubation through a partner network, and follow-up investments from angel and venture capital. Projects can receive grant funding of up to 500,000 USD as well as access to the Aleph Zero Foundation's venture capital fund and incubator partner network.

In addition to funding, the program also offers support for projects such as operational and fundraising workshops, assistance with front-end development, UX design, branding, marketing, and more. Projects also receive AWS Activate credits and cybersecurity support from Kudelski Security.

Above all: the EFP aims to ensure the continuous development of blockchain while also providing sufficient support for builders of all shapes, sizes, and backgrounds.

The EFP is divided into several stages in which a given project receives support:

• ‍Early stage: In this phase you will get legal and operational workshops, early-stage token-free and equity-free grants, access to venture capital and angel investors, economy design workshops, fundraise structuring workshops‍
• R&D stage: In this phase you will get research and development workshops, security design support, infrastructure resources, code audits, front-end product management, UX workshops
• ‍Launch stage: In this phase you will get marketing support, active community eager to welcome any ambitious project

The distribution of the grant in terms of financial evaluation is also divided into 3 phases:‍

• ‍Stage 1 - 10,000 - 50,000  USD - intended for simpler projects, improvements to basic tools, research work, education, events‍
• Stage 2 - 50,001 - 150,000 USD - intended for regular applications needed throughout the ecosystem, more complex tooling, larger-scale developer conferences‍
• Stage 3 - 150,001 - 500,000 USD - intended for projects and initiatives providing significantly more value and visibility of the Aleph Zero blockchain

Impact

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As can be seen in the chart from the deployment of smart contracts (SC) on March 30, 2023, their usage is gradually decreasing. In response to this decline in use, the Aleph Zero Foundation is responding logically by attempting to drive constructive traffic into their ecosystem, while assisting those builders who remain.  

That the Aleph Zero Foundation would create a new program to raise awareness of the Aleph Zero blockchain among new developers and assist with switching to the new platform might be a good solution.

With new dApps and smart contracts, new users will come, supporting the expansion of the entire ecosystem.