Research Council (SkatteFUNN) application approved

Written By Ola Stene-Johansen

Lokotech AS, a wholly owned subsidiary of Harmonychain AS, was today informed that their SkatteFUNN application has been approved by the Research Council of Norway. The application covers research and development costs associated with Lokotech’s main R&D project. The grant amounts to up to 19% of project costs of up to NOK 25 million per year.

Ola Stene-Johansen
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The Lokotech goal is to offer a Scrypt miner with a higher hash rate, lower power consumption (0.099 J/MH) and lower price than competitors.
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