SOMA, a blockchain-powered decentralized platform that facilitates trade and social interaction, has announced it has received Round One funding from Business Finland, a public funding agency for research and innovation in Finland. The agency is directed by the Finnish Ministry of Employment and the Economy.
SOMA will receive €50,000 in Round One, which lasts for two months. Business Finland will subsequently assess the company’s success in meeting predefined goals, among them the on-boarding of retail and manufacturing partners for SOMA’s upcoming pilot program. Pending a successful Round One, the company is eligible for €500k to €1 million in Round Two and €3 million to €20 million in Round Three.