Outlier Ventures, in collaboration with Morgan Creek Digital, is launching its first accelerator program in Latin America, known as LATAM Base Camp. Scheduled to commence in September, the program aims to leverage the growing potential of Web3 startups throughout the region.
Comprehensive Support for Startups
LATAM Base Camp will offer extensive support to selected startups, including a capital infusion of up to $200,000 and thorough mentorship from experienced industry professionals. Morgan Creek Digital, as a Venture Partner, will play a pivotal role in guiding the startups over the 12-week virtual program. To ensure wide accessibility, resources will be provided in English, Spanish, and Portuguese.
Growth of the Web3 Ecosystem in LATAM
The Web3 ecosystem in Latin America has seen significant growth and increased adoption of blockchain technologies, making the region an ideal environment for this initiative. Outlier Ventures’ Chief Growth Officer, Benjamin Meyer, emphasized the region’s entrepreneurial spirit and innovation, expressing excitement about supporting and scaling the next generation of Web3 tech leaders.
Application and Program Details
Applications for the LATAM Base Camp opened recently, targeting startups at the forefront of technological and financial innovation. The program is designed to offer more than just financial backing. It will provide strategic support in critical areas such as product roadmap development, community building, and entity structuring. This comprehensive approach aims to equip startups with the necessary tools to succeed in the competitive Web3 landscape.
Morgan Creek Digital’s Managing Partner, Mark Yusko, highlighted the deepening partnership with Outlier Ventures and the tailored support for Web3 founders in Latin America. He underscored the importance of addressing regional challenges and opportunities, which the accelerator program aims to tackle.
Previous Successes and Future Plans
The collaboration between Outlier Ventures and Morgan Creek Digital has a track record of facilitating the growth of several successful startups. Past alumni from the LATAM region, including Sati, Takenos, Drex, and Tropykus, have benefited from this partnership. Notably, Capa, another LATAM alumnus, recently secured $1.5 million in pre-seed funding, with Morgan Creek Digital participating as an investor.
Building on the success of LATAM Base Camp, Outlier Ventures plans to launch a similar accelerator program in the Middle East and North Africa (MENA) region later this year. This expansion underscores the firm’s commitment to fostering innovation and supporting startups in emerging markets.
Conclusion
The launch of LATAM Base Camp by Outlier Ventures and Morgan Creek Digital marks a significant step in promoting Web3 startups in Latin America. By providing financial support, mentorship, and strategic resources, the program aims to cultivate the next generation of tech leaders in the region. With a strong focus on addressing local challenges and opportunities, LATAM Base Camp is poised to make a substantial impact on the burgeoning Web3 ecosystem in Latin America.