# Grants Program Weekly Update 7.28

**URL:** <https://gov.near.org/t/grants-program-weekly-update-7-28/3923>\
**Category:** Ecosystem\
**Tags:** weekly-updates, grants, funding\
**Created:** [July 29, 2021, 4:22pm UTC](https://gov.near.org/t/grants-program-weekly-update-7-28/3923 "2021-07-29T16:22:19Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![sjoshua09](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/sjoshua09/32/2365_2.png) [@sjoshua09](https://gov.near.org/u/sjoshua09)\
**Post date:** [July 29, 2021, 4:22pm UTC](https://gov.near.org/t/grants-program-weekly-update-7-28/3923/1 "2021-07-29T16:22:19Z")

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**Summary**

It was an eventful two week (712 – 7/28) for the Grants Program. Below are the key highlights:

- Grant Program member CurioInvest announced their plans to tokenize assets on NEAR during ETHcc. Yessin provides some brief remarks during the event. ([link](https://twitter.com/NEARProtocol/status/1417229784032161792?s=20))
- The Grants Program / Funding Platform has completed formulating its [OKRs for Q3](https://docs.google.com/presentation/d/1Ji2LfQRjs-ZWZIP_zOKmiEeqRplwkNt_euwO7TPGNIE/edit?usp=sharing)
  - The Grants Program and now an element of the broader Funding Platform

- The Grants Program is partnering with the[NEAR India Accelerator](https://www.nearindiaaccelerator.in/) to support a subset of the projects with grants

**Results**

- 6 new grants signed this week for $93K in committed capital
- $19,500 in deployed capital to 3 grants this week
  - [Cron.cat](https://cron.cat/) completed their final milestone. We are already discussing a follow-on grant for additional work the team is doing around NEAR dev tools

- 5 new grant applications
- [Bi-weekly pipeline](https://docs.google.com/spreadsheets/d/17jH0JB1s4x_dbeVvV0eH-n04eMMxpaLVrxc55Ie2qdo/edit#gid=363476077)
  - Tech Reviews / Interviews: 7
  - Contracting: 8

**Challenges & Blockers**

- The Grants Program has been absorbed into the broader Funding Platform mandate which increases the scope of initiatives and OKRs
- Continue to improve coordination related to invoicing but remains a point of friction
  - Coordinating with NF Operations on a plan to improve. Will be in Zuig next week to work directly with the team to resolve

**Action Items**

- Spending time in Zuig next week to connect with the FLO (Finance, Legal, Operations) team to work directly around unlocking some friction points
  - One-click to sign grant agreements
  - Ironclad contract process and innovation tooling

- Connecting w/ Ecosystem Success, Community, and PR teams to develop ideal working protocols