Cardano's innovation and funding process
Project Catalyst is an experiment in community innovation, providing a framework to turn ideas into impactful real world projects.
It is a community-driven process that creates, reviews, selects and funds proposals on a six week cycle. Funding of projects is based on community votes using block-chain based apps for Android and IOS.
You do not require any ADA to participate, but voting requires that you have a threshold level of ADA in your wallet at a specific point in time.
The hub of the process is the Project Catalyst website