IOHK, together with Wave Financial, launched a $20-million cFund fund in support of startups.
According to the statement,The fund will invest in start-ups and various projects using Cardano technology in the early stages.
The size of the investment will range from $ 250,000up to $ 500,000. IOHK and Wave Financial will contribute $ 10 million each to the fund’s charter capital. IOHK has already contributed the required amount, and Wave plans to get the second half from third-party investors.
At the moment, representatives of both companies do not answer the question whether the fund began to select projects for investment.
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