Cardano Foundation has partnered with the popular organization Techstars to support founders of startups creating solutions based on the Cardano blockchain.
Partnership with Techstars
Cardano Foundation announced the launch of a new partnership with Techstars aimed at creating a global pre-accelerator for developers. The project will run from October to December 2023.
Goals of Project Catalyst
The initiative, named Project Catalyst, will focus on supporting companies building applications on the Cardano blockchain and cross-chain compatible solutions. The partnership involves selecting between 15 and 20 companies to participate in Techstars' educational program.
Current Situation in ADA Market
At the time of the announcement, the price of ADA was approximately $0.58, up 7.2% on the day but down 6.8% over the week. The recent price increase may be linked to a ceasefire agreement between Iran and Israel.
The partnership between Cardano Foundation and Techstars opens new opportunities for startups in the Cardano ecosystem and may contribute to the future development of the blockchain.
