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Cardano Foundation Introduces Venture Hub to Accelerate Innovation

Author: Content Editor
The Cardano Foundation has announced a new pilot program called Venture Hub, which aims to provide personalized guidance, technical expertise, and curated support to projects building on Cardano. The 12-week program will begin in March 2025 and will focus on increasing the visibility of participating ventures. Participants will collaborate with the Foundation's internal teams and ecosystem experts, and the data and feedback from the collaboration will help shape the program's future. Only participants from Web3 businesses, ventures, and innovators are eligible for the pilot program. While no financial incentives will be provided, the program aims to equip selected projects with the resources and tools they need to grow. The program also offers long-lasting benefits, including accelerated business development, improved investment readiness, and refined technical strategy. The introduction of Venture Hub comes amidst internal conflicts at the Cardano Foundation, with Cardano Founder Charles Hoskinson expressing dissatisfaction with the current governance process and proposing a move to Abu Dhabi or Wyoming to establish a more transparent and accountable governance process. Hoskinson also raised concerns about the Foundation's limited support for grants and funding projects.

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