Billionaire Draper Backs Cardano Accelerator for DeFi

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Billionaire Tim Draper, through Draper University, has announced a partnership with Cardano and Orion Fund to launch the Apex Growth Accelerator. This 10-week program, with applications closing on September 1 and starting on October 5, aims to turn Cardano-based startups into investor-ready companies. Orion Fund, an $80 million ecosystem fund launched this year by Cardano and Draper Dragon, will power the program. Selected companies can receive up to $70,000 in investment in exchange for 3.5% equity. The program will particularly target startups working on DeFi infrastructure and real-world assets. Tim Draper, known for his early Bitcoin investments, recently predicted that Bitcoin’s price could reach $250,000.

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Telemac
Telemachttp://cryptoinfo.ch
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