# Celo Public Goods Funding H1 2024 | Updates and Info

**URL:** <https://forum.celo.org/t/celo-public-goods-funding-h1-2024-updates-and-info/7407>\
**Category:** Ecosystem\
**Tags:** batch-6\
**Created:** [February 12, 2024, 12:38pm UTC](https://forum.celo.org/t/celo-public-goods-funding-h1-2024-updates-and-info/7407 "2024-02-12T12:38:18Z")\
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**Author:** ![LuukDAO](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/luukdao/32/6937_2.png) [@LuukDAO](https://forum.celo.org/u/LuukDAO)\
**Post date:** [February 12, 2024, 12:38pm UTC](https://forum.celo.org/t/celo-public-goods-funding-h1-2024-updates-and-info/7407/1 "2024-02-12T12:38:18Z")

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This thread provides the latest insights and updates around Celo Public Goods Funding in H1 2024. Updates will also be communicated through the [CeloPG Twitter account](https://twitter.com/CeloPublicGoods).

The CPG Stewards have produced the [Celo Public Goods Hub (](https://celopg.eco/)or visit [celopg.eco](https://celopg.eco/)) to support applicants with their proposal submission and Celo voters with their review. This wiki provides resources related to the Celo Public Goods Funding program.

**Program Description**  
Following [CGP115](https://celo.stake.id/#/proposal/153), Celo Governance has allocated a budget of 1,600,000 cUSD and 700,000 CELO to Fund Celo Public Goods - initiatives that generate long-term value for Celo - during the period of February 1st to July 20th, 2024.

Celo Public Goods funding is supported by the [Celo Public Goods Stewards](https://celopg.eco/cpg-stewards), a group of Celo contributors elected to streamline the budget distribution.

The following Strategies have received a budget and will be open for application this cycle.

| Strategies | Description | Budget (overall) |
| --- | --- | --- |
| Regional DAOs | Budget for operating the Celo Regional DAOs that support growth and development in key geographic regions. | 500,000 cUSD |
| Celo Project Incubation | Budget for incubating new and existing projects on Celo. | 325,000 cUSD + 100,000 CELO |
| Celo Grants and Requests For Proposals | Budget for running Celo-native grants and identifying and funding requests for proposals. | 500,000 cUSD |
| QF and RPGF Rounds | Budget for running Celo Quadric Funding rounds and a Retrospective Public Goods initiative on Gitcoin Grants stack on Celo in Q2 2024. | 125,000 cUSD + 500,000 CELO |

**Apply for Public Goods Funding**  
If a team wants to receive Celo Public Goods funding for their initiative, they can follow the [Submission process in the Celo Public Goods Hub](https://celopg.eco/celo-public-goods-funding). After producing an initial draft according to the guidelines and incorporating feedback, initiatives can submit their proposal to the Celo Public Goods Snapshot space from **February 19th onwards**.

Proposals accepted will receive their requested budget according to defined milestones and payment terms specified in the proposal.

**Vote on Public Goods Initiatives**  
Celo holders decide which initiatives are funded through the [Celo Public Goods Snapshot space](https://snapshot.org/#/celopg.eth). The space utilizes the same voting power as the regular Celo Governance contracts but with a standard quorum of 2.5M CELO and always needs a majority of YES votes to pass. Each proposal will be up for 5 full days, during which Celo holders can vote.

An overview of all upcoming, active, and past proposals can be [viewed in the CPG Hub.](https://celopg.eco/)

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