Spain has announced that it will provide more than $4 million in funding for projects related to the Metaverse. The funding project will be managed by the country’s Ministry of Economic Affairs and Digital Transformation and will be directly open to companies and individuals working on Metaverse projects in the European Union or Spain.
Interested parties interested in applying for these grants must submit a plan to the department describing the scope and goals of each project.
For a company or team, women must make up 25% of its headcount to apply. The department expects the initiative will attract companies across Europe to use the Metaverse as part of their future plans.