Draper University Launches $80M Cardano Accelerator Program

Billionaire venture capitalist Tim Draper has announced support for the Apex Growth Accelerator, a new initiative aimed at helping Cardano-based startups become investor-ready.

The program is the result of a partnership between Draper University, the Cardano blockchain network, and the Orion Fund. The Orion Fund, which launched earlier this year, is an $80 million ecosystem fund dedicated to supporting companies building on Cardano.

The Apex Growth Accelerator specifically targets companies operating within the Cardano ecosystem, including projects in decentralized finance (DeFi), real-world assets, and other innovative sectors. Organizers have emphasized that participating startups should already have substantial progress or traction in their development.