Nothing came up for

Funding for Traditional Businesses

$5,000,000.00 Requested
Problem:
Challenge: F6: Fund7 challenge setting
unfunded Requested 92.593% of the fund.
Community Advisor Reviews:
2.6 (12)
Yes Votes:
₳ 7,786,291
No Votes:
₳ 40,396,163
Unique Wallets:
453

Team

Challenge brief

The Catalyst “Crypto Venture Capital” Challenge is to attract traditional businesses to find innovative ways to use our cryptocurrency & Blockchain technologies in interesting ways to increase the success, efficiency and advance the 4th digital industrial revolution.

The budget has been set with a view to providing funding to the widest range, and largest number, of businesses that are new to our industry and to attract proposals from around the world.

If you are interested in this new way of funding your business, to launch, grow or rescue it, here are a number of factors you might consider and explain in your proposal, if you are uncertain then you can explain your uncertainty and seek comments, collaborators or even new team members who will help clarify any issues and work with you to refine your proposal, so it is successful in gaining funding.

Things to consider when preparing your proposal for Catalyst funding.

Explain the type of business you are and the industry you are a part of.

What would you like to add to your business using Catalyst Funding that will make it more successful?

Explain how you are planning to incorporate Blockchain technology into your operations to make it more efficient or secure?

Which of your products or services would you like to accept cryptocurrencies?

How do you feel that decentralised finance (DeFi) or applications (dApps) will help you develop your businesses?

What challenges will you need to overcome and what resources do you think you will need to succeed?

What advice are you seeking and what advice or information would be useful in your industry to achieve more adoption?

What new team members do you think you will need to smoothly incorporate crypto/blockchain technologies into your business?

Do you have any ideas or suggestions on how to encourage other businesses in your industry to use this technology?

How will you introduce your new technologies to your customers and do you think it will encourage more adoption in day to day life?

Is there anything about your business type or industry we might not know about and which you would like us to suggest solutions for?

These are just guidelines to help you think through your proposal to Cardano Catalyst, feel free to add anything else that will clarify your requested funding and help the people voting on your proposal fully understand the proposition.

Thank you for reading and good luck with your proposal!

Community Advisor Reviews

Addresses Challenge

2.3 / 5
4 Reviews

Does the proposal effectively addresses the challenge?

Community Reviews (4)

Commenter gravatar
October 23, 2021

Sorry but after reading all your Fund6 proposals this sounds like you are hoping to pave the way for your own Fund7 proposals. Please prove me wrong. Actions speak louder than words.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

Attracting traditional businesses is key to meeting growing the global Cardano community however this challenge overlaps with the existing Proposer Outreach challenge both of which attempt to bring businesses outside the Cardano ecosystem into the challenge proposal system. There is no advantage to having 2 similar challenge funds. I neither agree nor disagree this challenge is critical to achieve Cardano’s mission.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The challenge is clearly stated and can help to grow cardano in many ways. From bringing new business ideas to the community to helping fund those that are already existent. This is going to pioneer Cardano a path to the next level! Proposers are already thinking of ways to bring the Environmental side to the blockchain. With this together we can fund almost anything! This critical to bringing Cardano to the business world and exploiting its great uses.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

General funding of businesses is not the idea of Cardanos mission, which goes far beyond venture capital. The proposed height off the budget is far too high and takes away funds from other important challenges.

Confirming your humanity

Write comment

Replying to

Feasibility

2 / 5
4 Reviews

Given experience and plan presented is likely that this proposal will be implemented successfully

Community Reviews (4)

Commenter gravatar
October 23, 2021

Yes, Catalyst Community could welcome “traditional businesses” to submit their plans to Project Catalyst and evaluate them. The question is, however: can Catalyst afford funding startups / businesses whose funding rounds are usually counted in millions?

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

This challenge requests $5 million of the total $5.4 million challenge fund. I strongly disagree that the Catalyst community has the capacity to address the challenge.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

With the extreme growth go the Catalyst community this challenge is well within reach of success. More and more proposals are being implemented so there will be a need for this project to ensure business are using the protocol to its full potential!

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The challenge would not be really adressed to the catalyst community, but rather to businesses.

Confirming your humanity

Write comment

Replying to

Auditability

3.5 / 5
4 Reviews

Does the proposal provides sufficient information to assess and audit progress and completion?

Community Reviews (4)

Commenter gravatar
October 23, 2021

Some of the questions provided above are really good and those could be used.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The success criteria are relevant to the challenge objectives. The key metrics are relevant to the success criteria. I agree that the success criteria and suggested metrics are set correctly to measure progress in addressing the challenge.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

Metrics are set with specific criteria that will need to be followed for business to use this project. It is clearly stated within this proposal. Guidlines are written to help the user brainstorm and write their proposal. This will ensure accuracy,relativity and keep unwanted proposals from entering the project.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The metrics and success criteria are there, but they are so wide that practically (almost) every proposal would be eligible to funding there.

Confirming your humanity

Write comment

Replying to