Thanks, @JoJo, for this proposal.
I think adding a new Orbit domain is an exciting idea, but since Orbit domain is still new, it makes sense to start with a smaller budget.
I understood, that it’s not $1 500 000 for the whole year like four other domains, but instead of giving the Orbit domain $750,000 for the whole year, it would be better splitting the funding into more steps, because starting with a smaller amount helps the program avoid wasting money while still supporting Orbit’s growth.
For example, we can split it into to steps:
-
First Half of the Year: Start with $375,000 for the first six months. This will give enough funds to test the interest and quality of Orbit projects.
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Review and Adjust: After six months, take a closer look at the results. We can check how many projects applied, how well they used their funds, and if they achieved their goals. And then based on this:
- If Orbit projects are doing well and show strong potential, the remaining $375,000 can be added for the rest of the year.
- If the results aren’t strong, the leftover money can go to other areas of the program or be saved for future use.
Do you think it´s not a good idea? Because in this way, we can test how effective this domain is before spending a larger amount of money.
By the way, during the first season, we had budget only $250 000 per domain. Maybe for the new one Orbit domain (because for the Orbit it will be the “first season”), we can also allocated the same budget and then split it into steps, which I described earlier?