# The Case for Grant Programs #Web3 #Startup-Finance Grants are crucial for supporting and advancing web3 projects while maintaining community sovereignty. They encourage developers and creatives to work on challenging projects and help ecosystems remain competitive. Grants can unite an ecosystem around shared goals, provide early-stage funding for projects, and support niche technologies. Establishing a grants program involves setting clear goals, determining grant types and approval criteria, allocating funds, and engaging potential funders and builders. Success is measured by achieving objectives and fostering innovation within the web3 ecosystem. Successful grantees often become future funders, creating a cycle of growth. Access the complete article on the [Gitcoin Blog](https://www.gitcoin.co/blog/the-case-for-grant-programs-how-to-incentivise-ecosystem-growth-by-funding-innovation)