Looks like Antshares/NEO has had this nest fund in the works for some time now (there are 3 devs who have been working on it per the website). They dedicated some time to it at the conference. Apparently they are basically giving the DAO another shot but in their own way. They criticized Ethereum (respectfully) for only having a 3rd party check their code which led to the hack and downfall. They said that it should have been open source with a bounty. NEO is offering a 1M ANS bounty and making the code open to hackers before it goes live. If this works, development and investment into projects that use NEO smart contracts is going to soar.