Start-ups
Through our partners and seed funding from JoDEA, Cardano Development has enabled the incubation of several start-ups in partnership with public and private donor institutions.
One of Cardano Development’s primary funding sources for innovation is JoDEA. Since 2017, Cardano Development manages this incubator initiative with the aim to fund the development of innovative business ideas focused on local currency and local financial markets.
JoDEA is indirectly funded by KfW on behalf of the German Ministry for Development Cooperation (BMZ). JoDEA was instrumental in the creation of Frontclear and ILX, both of which received significant seed funding. JoDEA also supports the Frontclear Technical Assistance Programme (FTAP).
Our incubator skills we apply to our business concepts are: