Cardano investment arm continues to evolve

Şükriye Akdeniz

Oct 18, 2021

Cardano investment arm Emurgo has announced a newly formed partnership with Adanian Labs!

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Emurgo, Cardano's investment arm for African blockchain and technology-based investments, has formed an important partnership with Adanian Labs. Adanian Labs is an intelligent technology incubator that nurses impact-driven technology companies and entrepreneurs, aiming to create a platform for the development and growth of technological startups.
With this new partnership established with Cardano Emugo, it is aimed to strengthen the existing audience financially and educationally by making use of blockchain technology. In the official statement released by Adanian Labs, the aim of the partnership was stated as “to provide financial and educational opportunities to billions of people who are not able to get opportunities through the Cardano blockchain platform.
The partnership was announced as:
“This investment is part of EMURGO Africa, a subsidiary of EMURGO's new $100 million Cardano ecosystem investment vehicle.”
John Kamara, CEO of Adanian Labs, commented on the partnership after the announcement, emphasizing the importance of partnership for the sustainability of economies with limited resources.
“We aim to establish 300 technology-supported, impact-oriented start-ups by 2025. We are excited to create strong, resilient companies, entrepreneurs, and youth that will sustain African economies even with limited resources.”
Ken Kodama, CEO of Emurgo, spoke confidently that, together with the partnership, the Cardano subsidiary will deliver significant developments in Africa.

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