Emurgo VC Seeks Blockchain Startups in Emerging Economies to Scale Cardano

Emurgo VC Seeks Blockchain Startups in Emerging Economies to Scale Cardano

Emurgo VC, a Japanese investment and consultancy firm, is on the hunt for blockchain start-ups with a focus on emerging economies. The company, which works alongside The Cardano Foundation and InputOutput (IOHK), is seeking to invest in and connect early-stage ventures with enterprise clients to scale the Cardano ecosystem globally.

Emurgo's interest in emerging economies is evident in their recent activities. They have signed a Memorandum of Understanding (MoU) with the Ethiopian government, along with Cardano and IOHK, to address local issues and train Ethiopian software developers in Haskell. This collaboration has drawn interest from various parties, including the Ethiopian Ministry of Science and Higher Education, Cardano Foundation, and local Ethiopian technology firms.

Ethiopia, with its growing middle class and vast unbanked population, presents a unique opportunity for blockchain-based financial services and job creation. Infrastructure improvements, such as the Addis-Djibouti electric railway, also facilitate international trade and create opportunities for collaboration with European and American companies. Emurgo's first co-working space, set to open in Hong Kong later this year, will further facilitate start-up growth and collaboration.

Emurgo VC's focus on emerging markets and blockchain technology is set to have a significant impact on developing countries like Ethiopia. By investing in and connecting early-stage ventures with enterprise clients, Emurgo aims to scale the Cardano ecosystem globally. Their upcoming co-working space in Hong Kong will also serve as a hub for start-up growth and collaboration.

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