Italy Launches $46M Fund in Government Subsidies for Blockchain Projects

The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million in government subsidies starting from September.

The fund will have an initial budget of 45 million euros – roughly $46 million at the time of publication – for expenses and costs from 500 thousand to 2 million euros as part of the Italian government’s goals for investments in technology, research and innovation.