Emurgo, the investment arm of Cardano, has partnered with one of its subsidiaries with Adanian Labs, a pan-African venture capital studio that focuses on creating a platform where tech start-ups African women can prosper and access all the key resources that enable them to develop in a sustainable manner. .
Financial and educational empowerment via blockchain
According to a statement released by Adanian Labs, the goal of this partnership agreement is to bring financial and educational empowerment through Cardano’s blockchain platform to the billions who do not have these opportunities. “This investment is part EMOURGO Africa, subsidiary of EMOURGOCardano’s new $ 100 million Cardano ecosystem investment vehicle, ”the statement details.
In his comments following the announcement, John Kamara, CEO of Adanian Labs, welcomes the partnership agreement which he says will help support economies with limited resources. He explained:
We aim to create 300 tech and impact driven start-ups by 2025. We are passionate about our drive to build strong and resilient ‘CAMELS’ businesses, entrepreneurs and youth that will support African economies, even with limited resources.
Kamara points out that this partnership will also help forge more effective collaborations that will allow Adanian Labs to build faster, scale faster, and maximize capitalization. This, in turn, would ostensibly lead to an outcome that would benefit the entire ecosystem.
Ken Kodama, CEO of Emurgo, says the partnership will help provide the Cardano subsidiary with an ideal setting to launch into Africa.
What do you think of this partnership? You can share your views in the comments section below.
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