NextGen Higher Education Grant

Preparing students to build the next generation of financial systems. Applications open September 14.

Connected Finance Starts Here

The Interledger–NextGen Higher Education Program supports higher education institutions in advancing curriculum development, research, and hands-on learning in Open Payments, interoperability, and inclusive digital finance across disciplines such as finance, economics, business, law, engineering, and technology.

Through the program, institutions can create or strengthen academic and co-curricular experiences that introduce students to emerging financial technologies, the Interledger ecosystem, and pathways into careers and research shaping the future of digital finance.

Selected institutions may receive grants of up to USD $50,000 to implement and complete projects within 12 months.

At a Glance

Who it is for

  • Accredited higher education institutions
  • Faculty leads
  • Research units
  • Projects can involve collaboration across multiple departments

What it supports

  • Curriculum development
  • Interdisciplinary research
  • Applied learning around Open Payments, financial inclusion, and connected financial systems

How it works

  • Funding of up to $50,000 USD.
  • Applications for Phase 1 will open September 14, and close December 14, 2026.
  • Letter of Intent applications will be reviewed on a rolling basis.

How to Apply

Applications for Phase 1 will open from September 14 until December 14, 2026. For Phase 1, we ask all interested universities to submit:

  1. A short application form via Submittable (available from September 14)
  2. Letter of Intent (LOI) / Project Introduction Letter
  3. Proof of institutional accreditation or recognition

Applicants with a strong Letter of Intent will be invited to Phase 2, where a full proposal will be needed. A detailed budget, implementation plan, and full project proposal are not required during Phase 1.

Please review the NextGen Program Resource Kit and FAQ for program guidance and resources to help you develop your Letter of Intent.

Impact Stories

Open financial systems require people who understand how payments move across technologies, markets, and regulatory environments. The Interledger Foundation supports institutions developing the research, teaching, and practical learning needed to prepare students to understand, research, and contribute to modern financial systems.

We currently have grant partnerships with 10 universities across six countries.

Map of countries in which we have funded universities through NextGen

“We empower the next generation of entrepreneurs with the necessary skills in order to build the applications that are going to power the future.”

Alan Davids, Senior Lecturer at University of Cape Town

Video

“Interledger is acting like a bridge now in making payments easier. Wherever you are in the world, you can make your payment as if you are sending an email.”

Anthony Owolabi, Bowie State Student

Quick Reference Guide for Applicants

All you need to know about the Interledger-NextGen Higher Education grant.

This at-a-glance guide covers the essentials for the NextGen grant: who can apply, what we fund, and how to apply. We recommend you also check our full FAQs for the NextGen Higher Education Grant.

What are the eligibility requirements?

To be considered, applicants must:

  • Be an accredited or officially recognized higher education institution;
  • Be able to provide evidence of current accreditation or recognition by the appropriate authority in the institution's country;
  • Identify a faculty member from a department, school, center, or institutional unit responsible for leading the project;
  • Demonstrate institutional awareness and support for the proposed initiative;
  • Propose a project primarily benefiting tertiary-level students;
  • Demonstrate a clear connection to Open Payments, interoperability, digital financial inclusion, and/or the Interledger ecosystem;
  • Demonstrate the institutional capacity to manage and implement the proposed project; and
  • Be able to complete the proposed project within a maximum period of 12 months.

Applicants do not need to be existing experts in Interledger technologies. However, institutions should demonstrate an interest in building the knowledge and capacity necessary to meaningfully incorporate Open Payments and Interledger-related concepts into the proposed educational program.

What types of projects can be proposed?

We are interested in projects that create meaningful opportunities for students to learn, investigate, experiment, research, or build within Open Payments and inclusive digital finance.

Projects may include one or a combination of:

  • Development of new university courses;
  • Revision or expansion of existing curricula;
  • Student research initiatives;
  • Technical labs and practical learning;
  • Open Payments or Interledger workshops;
  • Hackathons and innovation challenges;
  • Student prototypes or capstone projects;
  • Seminars and guest lectures;
  • Faculty-led research and teaching initiatives; and
  • Other co-curricular activities that complement formal academic learning.

Strong proposals should connect these activities into a coherent educational program with clear student learning objectives and anticipated outcomes.

How to apply?

1. A short application form via Submittable

The form collects basic information about the institution, project, lead department, primary contact, target participants, and institutional interest in the program.

2. Letter of Intent / Project Introduction Letter

The LOI is the primary document reviewed during Phase 1. It must:

  • Be prepared on the official letterhead of the university or higher education institution;
  • Be signed by an authorized university representative;
  • Introduce the institution and the unit proposing the project;
  • Provide a high-level description of the proposed project;
  • Explain the primary project objectives;
  • Identify the students or university community the project intends to engage;
  • Provide a high-level overview of anticipated activities and outcomes; and
  • Identify the primary institutional contact for the project.

3. Proof of institutional accreditation or recognition

Applicants must provide documentation or an official source confirming that the institution is currently accredited or recognized by the appropriate accreditation, regulatory, government, or higher education authority in its country.

A detailed budget, implementation plan, and full project proposal are not required during Phase 1.

What makes a strong Letter of Intent?

Letters of Intent will be reviewed for:

  • Strength and rationale of the proposed project;
  • Alignment with the Interledger Foundation's mission and NextGen Education Grant objectives;
  • Meaningful student exposure to Open Payments and/or the Interledger ecosystem;
  • Potential student and institutional impact; and
  • Institutional capacity and overall feasibility.

Applicants with the strongest concepts will be invited to Phase 2: Full Proposal Submission. Note that being invited to Phase 2 does not guarantee an award.

Where can I get more information?

For details on the current call for proposals' eligibility requirements, application form, and additional information, please refer to the program FAQ page and the NextGen Program Resource Kit.

For questions about program eligibility, the application process, or preparing your Letter of Intent, please contact us at nextgen@interledger.org.

Our Approach to Grantmaking

Check out our Grantmaking FAQs to know our approach and expectations across all our grants. For additional clarification, reach out to programteam@interledger.org.