(https://ssir.org/articles/entry/almost_everything_you_know_about_impact_investing_is_wrong#))
Problem
However, impact projects lack both funding and appropriate tools / support to succeed.
Solution
We are currently developing a launchpad called Cardashift to source, tokenize, mentor, fund and accelerate impact projects (not listed on Catalyst) as financially viable investments.
Opportunity for Catalyst
On the other hand, Catalyst is the only source for Cardano projects to emerge. It offers an opportunity for impact projects to access the blockchain ecosystem. However, impact project founders very often lack expertise and know-how to leverage blockchain technologies/communities on Catalyst.
Our Catalyst F7 application aims to build a Bridge between Catalyst resource pools with Cardashift.
<u>GOALS</u>
Q1 - Q2 2022
Successful Outcome: Run a pilot to make up to 3 Catalyst impact start-ups financially viable investments within 9 months
Objective: Mentor, tokenize and accelerate up to 3 Catalyst impact projects while developing them into financially viable investments
Milestone #1: Develop the Cardashift-Catalyst Bridge
Milestone #2: Open the first cohort of applications for impact projects
Milestone #3: Onboard upto 3 Catalyst impact projects within our selection process
Milestone #4: Realize successful IDOs for all of them
<u>TARGET DEMOGRAPHIC</u>
We target project matching all those criterias:
- Catalyst or Cardashift impact projects
- Early-stage
- From any geographic regions
- Aligned to one or more of the 17 Sustainable Development Goals from the United Nations
<u>ACTION PLAN</u>
Step #1: We introduce CLAP, a utility token based on ADA, specifically to fuel impact projects
Step #2: We release the Cardashift launchpad. At the same time, we launch the Cardashift-Catalyst Bridge
Step #3: We invite and connect Catalyst impact founders to Cardashift via the Bridge
Step #4: We open the first cohort of applications for impact projects
Step #5: We score and select up to 3 Catalyst impact projects
Step #6: We accompany and pre-fund the chosen impact projects in order to de-risk them within 1 and 3 months
Step #7: We carry out successful IDOs for chosen Catalyst impact projects
Step #8: We accelerate them for 6 months to help them to reach product/market fit
<u>ROADMAP</u>
Sep 2021 - Jan 2022: Launchpad Beta Development
Jan 2022: ICO and CLAP token release
Feb 2022: Launchpad Beta release and open-call for impact project applications
Feb 2022: Cardashift-Catalyst Bridge release
Mar 2022: Selection round for batch #1 Catalyst Impact projects (3-5 projects)
Apr 2022 - Jun 2022: Catalyst impact projects batch #1: mentoring & pre-funding before IDO
Jul 2022: IDOs
Jul 2022 - Dec 2022: Acceleration for 6 months until product/market fit is reached
<u>PERFORMANCE METRICS</u>
- Number of impact projects sourced by Cardashift to Catalyst to build a successful Catalyst impact projects portfolio
- Number of impact projects from Catalyst accelerated through Cardashift
- Number of successful IDOs
<u>SKILLS REQUIRED</u>
The skills required to see this proposal through are as follows:
- Bridge Design: Product design, UX/UI design
- Bridge Development: Technical architecture, Front and Backend development.
- Bridge Launch: Community Management
<u>BUDGET BREAKDOWN</u>
$75.000 in total
- 15% product design (15 man-days)
- 55% development (50 man-days)
- 30% communication (45 man-days)