We would like to claim Tranche 3 of a pre-agreed funding (see here) to cover the costs of the recently finished Scalability Hackathon and fund the final stage: an accelerator for 12 of the best teams from the hackathon. This is time-sensitive as we'd like to invite most of the recent winners from the hackathon.

Full proposal is here.

Additional note, Fri 22nd August: Note we've added a supplementary document with a fuller cost and explanation break-down here.

As per our proposal, the funding request is as follows:

Additional Note, Friday 29th August: based on feedback from the AAG on Thursday 28th August, we attach our hackathon project track record within Polkadot here and accelerators here.

Costs further breakdown, we are asking for $128.3kk

- Hackathon Prizes already paid to be reimbursed: $48k (we are out of pocket).
- Accelerator Costs to pay: $80k, split:

Marketing: $7k: Roughly $50/hour x 140h over 8 weeks (15-20 hours per week creating content, coordinating with partners etc)
Programme Management: $40k: roughly $75/hour x 550 h (full-time for 12 weeks providing support for the cohort, doing 1-1s, creating educational materials)
Tech Infrastructure: $3.5k: roughly cost of developer setup and maintenance of Encode's front and back-end (www.encodeclub.com).
Admin: $3.5k: cost of financial and paperwork admin across 12 weeks and pro rata use of subscription-based tooling
Prizes/grants: $26k to fund the 12 chosen teams for their time during the programme, roughly $2-3k each.