Celo Incuba's Third Cohort - Empowering Web3 Startups in Latin America

The thriving digital frontier of Web3 is seeing remarkable growth in Latin America, thanks to initiatives like the incubator program Celo Incuba, promoted by Colledge and CeLatam. 

Celo Incuba is dedicated to providing comprehensive support to selected startups over a 12-week intensive program, aiming to nurture the next wave of innovative startups in the region. This initiative focuses on key areas such as market potential analysis, business model refinement, launch strategies, and legal compliance. Additionally, the program emphasizes funding strategies to help startups accelerate their growth.

This third edition continues the legacy of our previous collaborations between Colledge and the Celo Foundation, embracing a broader ambition under CeLatam's guidance and vision.

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Program Details:

Duration: 12 weeks - applications were accepted until January 31, and the expected Demo Day is on May 15, 2024.

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Requirements: Early-stage projects with at least a CEO handling commercial aspects and a CTO handling technical aspects. Projects must be developed on the Celo blockchain.

Language: Primarily Spanish with some sessions in English

Unique Opportunities: Thanks to CeLatam's sponsorship, this cohort was free for all participants. Entrepreneurs will benefit from interactions with a network of over 15 mentors, including leaders from various sectors such as Mauricio Tovar from Tropykus and Laluy Garduño from Mastercard. This mentorship network is designed to provide invaluable insights and support. Additionally, startups stand to gain benefits valued at over $15,000, and the opportunity to secure funding between $100,000 and $150,000 during our culminating Demo Day.

Business Trends and Focus: The third batch of Celo Incuba prioritized applications in areas such as Decentralized Finance, Regenerative Finance, Gaming, and Web Applications. This focus aims to initially address specific needs within the Latin American market, with plans for gradual expansion.

Participating Projects:

• Ashara Studios: Crafting video games with transmedia narratives that create meaningful experiences for players.
• Zeneca: A platform enabling freelancers and remote workers to manage payments swiftly and directly to their local banks in Latam.
• CDX SAS: Leveraging Blockchain and AIoT for precision agriculture, enhancing land health, optimizing fertilizer use, and ensuring efficient water use with certified traceability.
• Xucre Network: A decentralized finance network in Latin America, fostering business development through community and investment lending, and offering fintech solutions in indigenous languages.
• Agros Network: A mobile wallet that allows farmers to tokenize future production as collateral in credit applications.
• Happ3n XYZ: A platform where technology creators and communities converge to share events, live streams, webinars, and NFT drops, designed by two Latinas passionate about connecting Latam to the virtual world.

CeLatam's strong belief in the region's potential is evidenced by its ongoing commitment to Celo Incuba. "We aim to be a pivotal force in supporting entrepreneurs to launch globally scalable Web3 startups," said Cristóbal Pereira, CEO of Colledge and Partnerships & Activations Lead at CeLatam. Camila Rioja, CeLatam’s Lead mentioned “we are proud of how far we came together. The start-ups crossing the finishing line have shown commitment and growth, and we are excited about their next steps. From a CeLatam point of view, we understand the investment paid off and look forward to growing the program to more regions in LatAm as a proven tool to accelerate innovation”. 

Celo Incuba is not just an incubator; it's a critical component of CeLatam’s roadmap leading to the establishment of our Venture Studio (read more in our Season 0 Report). Each milestone allows us to evolve and better support the burgeoning innovation ecosystem in Latin America.

This initiative not only offers a launchpad for emerging tech ventures but also enriches the broader ecosystem by integrating cutting-edge technologies with practical business applications.

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