Catalyst Fund 14: Spotlight on Enterprise Adoption
Hello wonderful Cardano community
Catalyst Fund 14 is officially live, and wow… the proposals are streaming in like a torrent of innovation from every corner of the ecosystem. We’re talking everything from cutting-edge developer tooling to DeFi wizardry, identity solutions, and infrastructure that could make a tech enthusiast squeal.
At EMURGO Labs, through our research and execution with notable Web2 enterprises, we decided to focus on something we vehemently believe in and have complete conviction on; What is critically important for Cardano’s long-term success is RWA enterprise adoption, it being the next frontier for Cardano’s scalability and sustainability.
Enterprises are like the cruise ships of the tech world. They carry tons of passengers (users), have huge cargo (data), and navigating them requires skill, foresight, and a sturdy anchor (regulation). The journey from Web2 to Web3 isn’t a smooth dock, it’s more like steering through a stormy harbor. Legacy systems, compliance hurdles and onboarding teams who have never coded a smart contract? Yeah… it’s tricky. But enterprises are also game-changers: one successful integration can create a ripple effect that accelerates Cardano’s mainstream footprint.
Disclaimer: “The content of this post is for informational purposes only. The evaluations, scores, and comments reflect our team’s independent assessment of Catalyst Fund 14 proposals through an enterprise adoption lens.
The Cardano community should conduct its own research and due diligence before taking any action.”
Why Enterprise Adoption Matters
Let’s pause to explain why enterprise adoption deserves its own lens:
Strategic Impact: Enterprises = big adoption wins. One successful integration can produce network effects and rapidly accelerate Cardano’s footprint.
Ecosystem Growth: Providing enterprises with the right tools and frameworks empowers developers, creates new business opportunities, and strengthens the ecosystem.
Real-World Validation: Enterprises demand solutions that scale, comply, and integrate seamlessly. Proposals that meet these standards serve as proof points for others.
Long-Term Sustainability: Startups and small developers are vital, but enterprise adoption ensures Cardano’s ongoing growth and usage beyond niche communities.
Our Evaluation Lens
Fund 14 doesn’t have an official “Web2 → Web3” category, so we applied our own enterprise adoption lens(es) across all proposals. Our goal is to highlight proposals that can realistically help enterprises step into blockchain without losing sleep.
To make things simple, we focused on four core pillars, weighted to reflect their respective importance:
Pillar | Weight |
---|---|
Enterprise Relevance | 35% |
Adoption Pathway | 25% |
Delivery Credibility | 25% |
Value for Money | 15% |
1️ Enterprise Relevance (35%)
Question: Does this proposal actually matter to enterprises?
We looked for:
- Smooth integration with existing systems (ERP, CRM, databases, APIs)
- Compliance-ready tools and frameworks
- Scalability to millions of users
- Operational feasibility for non-blockchain teams
- Clear articulation of the business problem
Scoring scale (0:5 stars):
- 0 : No relevance to enterprises
- 1 : Weak relevance, mostly experimental
- 2 : Moderate relevance, some value but incomplete
- 3 : Strong relevance with clear use-case
- 4 : Very strong relevance, likely to accelerate adoption
- 5 : Exceptional enterprise relevance, immediate applicability
Partial relevance counts too: some proposals may not be fully enterprise-focused but provide indirect exposure to Real-World Assets (RWA), offering enterprise value over time.
2️ Adoption Pathway (25%)
Question: How easily can enterprises adopt this solution?
We evaluated:
- Clear roadmap: pilot → POC → production
- Developer experience: APIs, SDKs, documentation, and low-code/no-code support where applicable
- Risk mitigation: security, auditability, regulatory compliance
- Onboarding support: guides, tutorials, and training
Scoring scale (0:5 stars):
- 0 : No adoption pathway
- 1 : Vague or unrealistic roadmap
- 2 : Roadmap exists but with high friction
- 3 : Clear pathway, manageable onboarding
- 4 : Strong pathway, minimal friction and high support
- 5 : Seamless adoption experience, ready for enterprise pilots
3️ Delivery Credibility (25%)
Question: Can the team deliver on its promise?
We assessed:
- Team experience, domain expertise, and track record
- Realistic milestones and KPIs
- Technical and operational capability
- Awareness of regulatory and operational constraints
Scoring scale (0:5 stars):
- 0 : No credibility
- 1 : Weak, unproven team
- 2 : Some credibility, uncertain delivery
- 3 : Solid team, plausible delivery
- 4 : Strong team, high likelihood of delivery
- 5 : Exceptional team, proven track record, very high confidence
4 Value for Money (15%)
Question: How efficiently does the proposal use funds to achieve impact for Cardano?
We looked at:
- Cost per user, enterprise engagement, or milestone
- Budget allocation: technical delivery vs overhead
- Milestone-based transparency
- Potential multiplier effect on Cardano adoption
Scoring scale (0:5 stars):
- 0 : No value
- 1 : Weak value
- 2 : Some value, moderate impact
- 3 : Solid value, reasonably efficient
- 4 : Strong value, high efficiency
- 5 : Exceptional value, maximum impact per ADA spent
Total Score Formula
Total Score = (Enterprise Relevance * 0.35) +
(Adoption Pathway * 0.25) +
(Delivery Credibility * 0.25) +
(Value for Money * 0.15)
Our Expanded Evaluation Process
Evaluating hundreds of proposals for enterprise adoption is no small feat. We didn’t just skim abstracts, we went full-on detective mode, bringing together a multi-disciplinary team of six of our in-house experts spanning technology, development, product and enterprise strategy.
Team Composition:
- 2 Product Experts : Focused on adoption feasibility, business problem alignment and clarity of use-case.
- 2 Tech Experts : Examined scalability, system integration, security and technical feasibility.
- Our CEO : Looked at regulatory compliance, operational fit and real-world enterprise readiness.
- 1 Analytics Lead : Designed scoring frameworks, dashboard, and ensured process consistency and minimal bias.
We organized the evaluation into three rigorous passes:
Pass 1: Scan Pass (Quick Filter)
- Each proposal reviewed in ~5/7 minutes to filter out projects without clear enterprise potential.
- Notes taken on domain, potential use-case, and red flags.
- High-level scoring on enterprise relevance only.
Tech & Tools:
- Shared cloud workspace for collaborative notes
- Quick scoring sheets with pre-defined criteria
Goal: Eliminate proposals that clearly didn’t align with enterprise adoption, saving deep-dive efforts for the most promising ones.
Pass 2: Deep Dive (Full Four-Pillar Evaluation)
For proposals passing the scan, we applied the full four-pillar framework:
Team Approach:
- Product and CEO led discussions on business problem clarity and roadmap feasibility
- Tech experts conducted architectural assessments, integration checks, and risk analysis
- All six members participated in group review sessions to debate nuances and calibrate scoring
Process Highlights:
- Detailed notes captured for each pillar
- Strengths, weaknesses, and risk factors documented
- Scores entered into a central scoring dashboard for real-time aggregation
- Discussions logged in a collaborative system to maintain transparency and auditability
Tech & Tools:
- Scoring dashboard with visualizations
- Heatmaps to identify top performers across multiple criteria
Pass 3: Reality Check & Peer Review
- Could a skeptical CIO, CTO or operations lead green-light this proposal?
- Peer reviewers rotated to minimize bias, ensuring proposals were evaluated outside their primary domain
- Cross-functional debates ensured no critical technical, operational, or regulatory issues were overlooked
Outcome:
- Only proposals surviving rigorous scrutiny were considered
- Process generated actionable insights for proposers: clear notes on strengths, weaknesses, and adoption friction points
Shortlist & Dashboards
Here’s a sneak peek at how shortlisted proposals will be presented
| Proposal | Team | Ask | Enterprise Impact | Adoption Score | Delivery Score | Overall Score |
We also built interactive dashboards for transparency:
- Enterprise relevance vs adoption pathways
- Distribution of delivery credibility
- Value-for-money metrics
- Overall proposal scores
Lessons Learned
- Adoption friction is real : brilliance alone isn’t enough; enterprise onboarding is crucial
- Documentation matters : no enterprise can adopt what they cannot understand
- Track record is king : proven teams consistently scored higher
- Innovation vs practicality : highly innovative projects sometimes lack immediate enterprise applicability. Balancing both is key
Closing Thoughts
Catalyst is more than funding; it’s strategic ecosystem building. By curating proposals through an enterprise adoption lens, we aim to:
- Highlight proposals with real-world impact
- Encourage proposers to think beyond crypto-native audiences, long gone are the days of Web2 and Web3 isolation and silo-ing
- Provide the community with a transparent, repeatable evaluation method
Enterprise adoption is key to Cardano’s growth. With careful selection and community support, we can help ensure Cardano becomes the default choice for businesses exploring Web3.
Thank you to all proposers contributing to this vision! Your innovation matters: whether or not your proposal makes our shortlist this time.
The EMURGO Labs Team