The U.S. Department of Homeland Security is seeking to fund anti-counterfeiting solutions from blockchain startups with grants of up to $800,000.
The DHS, through its unit Science and Technology Directorate (S&T), announced the non-dilutive funding effort spread over four phases on Tuesday, under its Silicon Valley Innovation Program (SVIP). Non-dilutive funding means an entity doesn't need to sell equity to receive financing.
The funding program is related to the DHS's November solicitation – “Preventing Forgery and Counterfeiting of Certificates and Licenses” – through which the agency is looking to enhance its capabilities to prevent fake documentation using blockchain technology.