Six months is too long, and it is recommended to set up a mid-term check-in time every 1-2 months to assess the progress of the program and ensure that resources are being used. Like a 2 month check in?
Is a budget of $50,000 per program on the high side? Is there any data to prove that this amount is effective in driving MVP and market validation? What are the funding sizes of similar programs in other chains? If there are issues with wasted funds or project teams leaving, are there appropriate countermeasures? For example, recovering funds or quickly moving to other projects.
The proposal mentions that only 4 projects will be selected, is it possible to try to lower the threshold so that more small teams can get small support (e.g. $10-20k) and test the waters for more possibilities?
Personally, I suggest lowering the threshold to attract more projects, many innovative projects are in the exploratory stage, good ideas and teams with project mentors, full-time support and operational resources may not have the same effect.
The direction of the proposal is good, whether the resources landed are real or not, I think this is very important