The Foundation engages in meet-ups with local developer communities in the African region through ambassadors and pioneers projects focusing on microwork and decentralized finance (DeFi) lending.
The fund is open to all Africa-based start up applicants; founders who are residents of the continent will be given preferential review.
The Celo Africa Web3 Fund introduces startups to equity investors from venture capital (VC) firms, including Unicorn Growth Capital, Echo VC, Uncovered Fund, and Flori Ventures, a seed-stage VC who invests in the Celo ecosystem. The Celo Developer Guild also provides technical assistance alongside partners, such as blockchain development platform Tatum, and Ape Unit, a network of creators, strategists, developers, and designers.
Further benefits provided by the fund include in-person workshops, mentorships with the Celo Foundation Research and Innovation team, and marketing support. Fund applicants can also apply for membership to the Alliance for Prosperity to collaborate directly with mission-aligned organizations fostering social impact and financial inclusion on Celo.
Some of the confirmed speakers for the Uganda workshop include members of Celo’s Alliance for Prosperity, such as Noah Baalesanvu (Cryptosavannah), Peter Kakoma (Kanzu Code), and Reginald Tumusiime (Capital Savvy).