Cardano Partners Draper University for Exclusive Founder Residency

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• Cardano partners with Draper University to launch a residency program supporting Bitcoin DeFi, DeSci, and blockchain adoption
• Cardano’s market reacts positively, with a 5.99% price increase, reaching a $26.7B market cap and maintaining the #8 ranking.

Cardano has partnered with Draper University to launch a residency program designed to accelerate the growth of Web3 startups. This alliance is based on supporting the development of Bitcoin decentralized finance (DeFi) solutions, decentralized science (DeSci), and blockchain applications, focusing on mass-market adoption.

As noted, the residency program will take place in Silicon Valley and support 20 selected companies, providing them with access to essential resources, mentorship, and strategic funding.

A Five-Week Intensive Residency Program

Beginning on April 14, 2025, the Cardano x Draper University Founder Residency Program will offer enrolled companies a full five-week experience. The selected startups will receive a donation of 42,000 ADA, which will be provided equity-free to help with project development.

Additionally, the program aims to support upcoming ideas in Bitcoin DeFi, entertainment, and scientific research using blockchain technology. However, a major priority for the program is to explore ways of making blockchain technology more accessible and user-friendly to drive larger adoption.

Participants will work closely with experienced mentors, including entrepreneurs, blockchain engineers, and industry experts, gaining valuable insights into building scalable and impactful blockchain applications. Effective networking will also be a core element, with access to investors, industry leaders, and the Cardano ecosystem to open up new partnerships and funding opportunities.

Investor Pitch Day and Strategic Opportunities

As part of the residency, an Investor Pitch Day will allow teams to present their projects to a panel of venture capitalists and strong investors. This event allows those involved to secure seed funding and form long-term partnerships, improving their future success.

Tim Draper, the founder of Draper University, supported the collaboration, noting that the residency program is an important step in advancing UTxO-based startups. This effort displays Draper University’s ongoing commitment to encouraging innovation and supporting the next wave of blockchain pioneers.

Strengthening the Cardano Ecosystem

This partnership builds on the previous collaboration between Cardano and Check Point, a global cybersecurity leader. By combining Cardano’s blockchain infrastructure with Check Point’s threat intelligence expertise, this move will boost security within the blockchain space. With billions of dollars lost to hacks each year, real-time, AI-driven security is considered a necessary development for the industry.

📣 We are partnering with @Cardano to create a more secure and resilient #Web3 ecosystem!

Together, we will protect against smart contract vulnerabilities, phishing attacks, and other cyber threats.

— Check Point Software (@CheckPointSW) March 7, 2025

Through the combined efforts of Draper University and the Cardano Foundation, this residency program seeks to raise the next generation of blockchain innovators and support the growth of decentralized applications. The program aligns with Cardano and Draper University’s shared vision of driving blockchain technology forward and making it more accessible to a wider audience.

Following this sentiment, the Cardano market has reacted positively, with the price currently at $0.760301, reflecting a 5.99% increase over the last 24 hours. The total 24-hour trading volume stands at $1,595,659,427. Currently, Cardano holds the #8 spot on CoinMarketCap, with a market capitalization of $26,785,887,635.