$10 million ICANN giveaway winners picked
ICANN has picked the beneficiaries of up to $10 million it plans to give away in the first year of its Grant Program.
The board of directors approved the final slate of applicants, which will now have to sign contracts with ICANN, at its retreat this weekend.
While the recipients will not be publicly named until March at the earliest, ICANN has previously said it expects to give an average of $200,000 to about 50 applicants.
The applications — there were 247 in this round — were all expected to be funding requests for projects that align with ICANN’s technical stability and internet governance missions.
The Grant Program is funded by the proceeds of auctions for contested new gTLDs, notably .web, up to a decade ago. The fiscal 2025 budget sees the fund start with $217 million in the bank.
The program is expected to cost $2 million to administer this year, with the cost covered by expected investment gains on the principle sum.
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