CoreDAO announced in a post on X platform that the Core Foundation has launched a $5 million innovation fund. The fund is currently mainly targeting the Indian market and has established strategic partnerships with the Indian Institute of Technology Bombay and some top venture capital companies to support the development of innovative blockchain projects in the country. At present, the fund has opened project funding applications.

Core Foundation has announced the establishment of a $5 million innovation fund to advance the decentralized application ecosystem of Core Chain (a Bitcoin secure and EVM-compatible blockchain) in India. The team stated: "The fund aims to enhance the capabilities of the Web3 community, strengthen education, and provide important support for founders and builders throughout India."