Italian government will provide $46 million in subsidies for blockchain projects
In a Tuesday announcement, The Ministry of Economic Development of Italy said companies and research firms will be able to apply for funding from the government for the development of projects related to artificial intelligence, the Internet of Things and blockchain technology.
The fund will have an initial budget of 45 million euros ($46 million) — for expenses and costs from 500 thousand (worth $512,150) to 2 million euros ($2,048,600) as part of the Italian government’s goals for investments in technology, research and innovation.