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Blockchain technology is revolutionising the world just as the internet did in its day, and an increasing number of sectors see the enormous potential in this type of technology in terms of redefining and enhancing their business models.
With the aim of supporting innovation to improve productivity and employment, as well as to solve problems relevant to society, Banco Santander and Oxentia Foundation are launching the Santander X Global Challenge | Blockchain and Beyond to seek out startups and scaleups with innovative and scalable solutions using blockchain technology.
The deadline for applications is June 9.
What are we looking for?
Solutions should focus on how to improve user privacy and security in blockchain networks, fostering the adoption of Decentralised Finance (DeFi) and tokenisation, and enhancing and expanding digital interactions with users through concepts such as Web3 and the metaverse.
Who is this aimed at?
Technology-based startups and scaleups from 11 countries, with scalable and innovative solutions in the use of blockchain technology.
Startup category: legally incorporated in one of the participating countries, with a maximum annual income of $300,000, with $100,000 to $1 million capital raised and 25 employees maximum.
Scaleup category: legally incorporated for at least two years in one of the participating countries, with an annual income over $300,000, more than $1 million capital raised and over 25 employees.
Awards
€120.000
- €30,000 for the three winning startups
(€10,000 each) - €90,000 for the three winning scaleups
(€30,000 each)
Access to Santander X 100
The winners will become part of Santander X 100, the global community of Santander X's most outstanding entrepreneurial projects, which gives them access to the resources they need to grow: advice and training, capital, customers, talent, networking opportunities and other valuable resources.
Other benefits
The six winning solutions will be promoted on Banco Santander's social media and official channels.
Finalists will get the chance to present their solutions to Fintech Station, Banco Santander's open innovation team.
How are the winners selected?
Deadline for applications: 9 June 2022.
The jury is made up of international experts/professionals in the evaluation of entrepreneurship solutions.
The 20 finalists will present their solutions to a jury made up of international experts in entrepreneurship, innovation, and bank executives.
6 winners
- Three startups
- Three scaleups
Our commitment
Banco Santander
Banco Santander, leaders in responsible banking, are firmly committed to progress as well as inclusive and sustainable growth. Their pioneering and long-standing commitment to education, entrepreneurship, and employment through Santander Universities, which has been operating in this area for over 25 years, sets Banco Santander apart from the world's other financial institutions. Since its inception, the bank has allocated over €2.1 billion and supported more than 790,000 students, business professionals, and entrepreneurial projects through agreements with over 1,000 universities and institutions in 15 countries.
Oxentia Foundation
Oxentia grew out of Oxford University's technology transfer company, Oxford University Innovation, with the aim of providing specialised innovation management services to public and private sector customers throughout the world. Oxentia's approach builds on Oxford's strong tradition of globally supporting early-stage innovators and entrepreneurs to promote innovative projects that impact the UN’s Sustainable Development Goals. The Oxentia Foundation was created to support Oxentia's goal of addressing global inequalities through innovation and entrepreneurship activities.