Project Catalyst has funding rounds every few months, with a set amount of ada ready to allocate to ideas.
At the start of each Fund, the community has three weeks to submit proposals to answer challenges set in the previous funding round. Proposals are selected by community vote and funding is allocated to bring the projects to life.
Project Catalyst is currently between funding rounds, with the next Fund coming soon.
Each funding round begins with a set amount of ada and the challenges selected in the previous Fund. Challenges have a clear problem definition and metrics by which to judge success. They can cover a huge range of sectors, such as government, healthcare, insurance, identity, energy, real estate, security, and supply chain.
Ada holders can register to vote on proposals using the Project Catalyst voting app. Our proposal assessors' evaluations help community members to make their decision. Votes are anonymous and weighted depending on the amount of ada each voter has. Voters, proposal assessors and approved proposers receive their rewards from the Cardano Treasury.
The chosen projects are awarded funding. This is a mix of new technical, business, creative, and community initiatives both within the Cardano ecosystem and the wider world.
Project Catalyst is Cardano's turbo-charged innovation engine and one of the most significant decentralized innovation funds in the world. It is a focal point for ecosystem development and innovation, driven by the Cardano community.
There's a broad recognition that processes need to mature, be simplified, become more autonomous, remain inclusive, and continue demonstrating value to the broader Cardano ecosystem. As a result, some crucial changes and updates are on the horizon.
As part of the broader Catalyst project, the Catalyst Natives program opens up the potential of blockchain technology to new use cases for everyday businesses of all sizes.