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Celo Blockchain accelerator invites developers to compete for $ 25,000


Celo Blockchain accelerator invites developers to compete for $ 25,000

The open-source Celo project calls on blockchain innovators to participate in CeloCamp, an entrepreneurial initiative that aims to highlight the potential of global financial inclusion, the massive adoption of digital money and the acceleration of startups blockchain.

With its new phase announced on March 20, the initiative would be supported by more than 80 companies, venture capital companies, experts and individuals. CeloCamp aims to help decentralized technology entrepreneurs, by accelerating their projects and supporting them with funding.

CeloCamp Blockchain Accelerator website says they will distribute $ 25,000 in contest prizes during the eight weeks of the virtual training camp, which is designed to bring together teams from around the world that the company describes as “committed to building an open financial system that creates prosperity for all. “

Prize to be awarded to the competition

The “ideation phase” started on February 3 and should continue until April 10, 2020. During this time, the teams trained and shared their ideas and their progress.

During the ideation phase, five teams will be selected as finalists, who will have the opportunity to compete for the grand prize of $ 10,000. In addition, the winning team will receive an invitation to travel to San Francisco, Berlin or Buenos Aires, to meet the Celo community and the C Labs team.

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Next comes the “camp” stage, which will start on April 20 and continue until June 15, 2020, where the mentors will start working with startups on their ideas, which will also provide personalized support to participants.

Celo Tenet Prize

Second place will receive $ 5,000 (Celo Tenet Award), and third prize will be to donate $ 2,000 each to five teams whose projects are in keeping with the philosophy of the Celo community: design for everyone, aim for beauty, innovate with money and embrace humility.

On October 30, 2019, Cointelegraph reported a state-sponsored competition in which the Chinese government in Guangzhou would grant a grant to two blockchain-related projects out of a $ 140 million fund to encourage the development of initiatives. blockchain.

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