Applications for Latin America Base Camp are open!
Driving financial inclusion in crypto’s biggest markets
Base Camp Summary
Starting: End September 2024
Applications close: Early September 2024
Where: Remote
Investment: Up to $200,000
Our first LatAM-based accelerator program will work with the most promising builders using Web3 to unlock growth, development, and inclusion in one of the world's most exciting regions.
Why we are betting on Latin America
Alleviating Income Inequality:
High inflation, wealth disparity, and income inequality are widespread issues in Latin America, with minimum wage varying significantly from country to country. Web3 and its value-share proposition can have a profound impact on the local economy by improving the quality of life for those in need.
Simplifying Digital Payments and Cross-Border Remittance:
Latin America’s heavy reliance on digital payments and cross-border remittance, combined with low institutional trust, puts the region at center stage for exploring crypto-based alternatives. Despite accounting for just 8% of the world’s population, Latin Americans received 20% of the total global remittance volume in 2021.
Fintech Industry Growth:
The fintech industry in Latin America is booming, with $5 billion of the total $7.5 billion invested in the region going to fintech companies. The industry is easy to internationalize due to shared languages and customs between markets. Smartphone adoption is also high.
About Morgan Creek
Morgan Creek Digital was formed in 2018 to focus primarily on venture capital investments in Digital Innovation. Morgan Creek Digital has deployed more than $400 million across previous funds and SPVs and has earned a reputation as a thought leader in the Digital Innovation space. Led by General Partners, Mark Yusko, Sachin Jaitly, and Xavier Segura, the Morgan Creek Digital team brings decades of experience as entrepreneurs, executives, and investors in technology companies, with a focus on Artificial Intelligence, Blockchain Technology, Computing Infrastructure/Chips, and Big Data. Morgan Creek Digital will deploy capital through an inclusive strategy that seeks to back a diverse group of founders.
What projects are we looking for?
Consumer Fintech Solutions
Empowering consumers to go beyond sending and storing assets
- New ways for consumers to borrow and lend
- Applications that integrate with Latam ecommerce
- Onramps and offramps
OpenFi & Financial Inclusion
Focusing on populations that are underserved by traditional financial ecosystems
- Solving for accessibility to credit
- Cross-border payments and remittances
- Consumer cash advance or deferred payment solutions.
Focusing on DeFi
Encouraging users to create and securely maintain on-chain identity
- Abstraction infrastructure
- Regional to international utility
- Loyalty programs
Read our thesis!
Latin America: Mapping Web3 Opportunities
Latin America continues to attract interest from investors because of its dynamic economic landscape, growing digital adoption, and young, tech- savvy population. In this work we take a closer look at Fintech, E-commerce and Gaming as structural trends in LatAM, what is driving these trends and what Web3 narratives are playing into these trends.
What do startups get out of the program?
Part 1
Week 1-2
Helping you to maintain focus on OKRs & Web3 Readiness Framework and ensuring you’re optimally leveraging our network.
Part 2
Week 3-6
Building your knowledge and refine your idea through workshops and 1:2:1 meetings with our Subject Matter Experts across token, design, legal, engineering, fundraising and more.Part 3
Week 7-12
Having learned and refined your idea and in the first six weeks, the final weeks of the program are tailored towards supporting the key areas needed to bring product to market.Post Program
An opportunity to showcase your product to the wider Outlier network and 2 months fundraising support.
- 360 support from 40+ experts on token, product, legal, fundraising, etc.
- Access to a mentor network of industry leaders in the Bitcoin space
- Connections with the most relevant Bitcoin players
What we offer
- 12-week dedicated support and access to our 100+ team and network
- +2 months of additional fundraising support
- Up to $100k stipend as part of the program (terms apply)
- Up to $200k in follow-up investment (terms apply)
In return for
- Agreed equity stake and future token supply
- Option to join future equity rounds, token rounds, and NFT drops at a discount
We have accelerated 300+ teams across 34 cohorts
FAQs
- Agreed equity stake and future token supply
- 3 month fully remote accelerator program
- Access to in house specialist operational, legal, commercial, and co-marketing support
- Token engineering support and business model testing to pinpoint product-market fit
- An optional $30,000 interest-free repayable loan to help with initial legal costs
- An active global mentor, partner and investor network featuring over 400+ mentors and 180+ alumni companies in Web3
Any Base Camp program is designed to nurture teams whose business potential best leverages the program’s protocol and design strengths and also aligns with Outlier Ventures’ Metaverse OS Thesis. Cohorts are generally selected through the lens of growing the protocol ecosystem across various layers such as: NFTs & Gaming, DeFi, Infrastructure, Services, and Middleware.
Participating startups will gain exposure to both Outlier Ventures’ and the protocol’s ecosystems, offering an unparalleled opportunity for founders to scale their technology and grow their business.
The Base Camp Accelerator is a fully remote and virtual program. This allows us to recruit and work with the best teams wherever. We have invested in companies across all continents. Our strength lies in the diversity of founders that we accelerate across the globe.