In the “What” section, it discusses funding granted to “University Ecosystems”:
“Grants will be given to university DAO’s to use as they best see fit as long as they participate in governance votes ( >75%), help with testing DAO tools, and propose at least one BitDAO Contribution every six months.”
As well as discussing funding for “University Projects”:
“Awards of up to $25k ( the intention is for it to be relatively small amounts but the amounts can be adjusted) can be granted in exchange for a percentage of ownership interest in University-Based Projects. Students or university-centric funds (such as the House Fund in Berkeley) will be elected by University Group DAO’s to allocate this capital, and it is up to the relevant University Group to choose how University-Based Projects will be selected for funding.”
I hope this clarifies things a little monkey_scratch_head, but I’m sure JonAllen would be able to elaborate.