Funding Request: Celo Africa DAO H2 (October - December) 2024 | Regional DAO
Authors: Daniel Kimotho , Umar Sebyala , Chimezie Chuta , Cynthia Kamau
Budget Request: $62,900
Proposal Type: CPG Funding Request | Regional DAO |
Here is our H1 Report:
Focus Area 1: Incubator Program in Conjunction with Celo Camp
Total Budget - $9,000
Following the success of our inaugural cohort, we’ve seen the immense value of this initiative, with standout projects like Pretium Finance, Esusu, and AjiraPay Finance now live on Minipay. We’re committed to continuing and expanding the incubator program to maintain a pipeline of innovative Web3 projects across Africa. This initiative supports early-stage Web3 projects by providing essential resources, technical support, mentorship, and foundational infrastructure. Our goal is to empower entrepreneurs to navigate the Web3 landscape, boost Minipay adoption, and increase transaction volume on Celo in Africa. Exceptional founders from Cohort 2 will have the chance to be introduced to Celo Camp for further acceleration and investment, with the top three projects receiving grants to complete their MVPs.
Program Components:
- Application and Selection Process
- Mentorship, and Training.
- Demo Days
Overview of the program
- Weeks 1-4: Introduction, Project refinement, and Web3 fundamentals.
- Weeks 5-8: Market research, Development and the MVP.
- Weeks 9-12: Compliance, Pitch Creation, Demo Day, and Graduation.
Here is the breakdown of the budget
| Item | Total(Nov-Dec) |
|---|---|
| Operations(Kenya, Nigeria, Uganda, Ghana & South Africa) | $9,000 |
| Total for the Incubator Program | $9,000 |
Success Metrics
- 5+ successful projects that complete the incubator program for H1.
- 100% of start-ups are able to pitch their business ideas to the accelerator program.
- 50%+ acceptance rate to the Celo camp accelerator program.
- 5+ projects with a functioning MVP for H1.
Focus Area 2: Attracting Web 3 talent to build for Celo
Total Budget- $ 18,500
At the forefront of the Web3 revolution, the Celo Africa DAO is dedicated to nurturing and empowering emerging talent in this rapidly evolving space. We recognize that the future of decentralized technologies lies in the hands of skilled developers and innovative thinkers. To this end, we have devised a comprehensive strategy to cultivate and support the next wave of Web3 pioneers.
- Enhanced Technical Education
- Hackathons: Bridging Theory and Practice
- Mentorship: Guiding the Path to Success
- Amplifying African talent in the Celo ecosystem
Budget Breakdown
| Item | (Oct - Dec) | Total |
|---|---|---|
| Code Jams and University Events | $10,500 | $10,500 |
| Operations (Technical Ambassadors and University Leads i.e. Kenya, Nigeria, Uganda, Ghana & South Africa) | $8,000 | $8,000 |
- 5 monthly developer workshops across the countries we touch.
- Developing a comprehensive Web3 Skills Curriculum.
- Support Celo Foundation BWC Hackathon by offering Mentorship and Support to developers building
- 50+ developers signing up for the hackathon.
- 20+ deployed dapps from CodeJams to BWC.
- Reaching 50+ developers per country per quarter.
Focus Area 3: Market Awareness and Community Growth
Total Budget - $18,400
We’ve witnessed the growing influence of the Celo community across Africa, and we’re eager to extend our commitment to promote the adoption of Celo and MiniPay throughout the continent. We’ll build a strong local Celo community through content creation, social media engagement, and hosting local events and university meet-ups/college mixers.
Marketing & Events Budget: $4,600
| Item | (Oct - Dec) | Total |
|---|---|---|
| Local events Sponsorships like, EthCapetown etc) | $3,000 | $3,000 |
| Content (writer, video content) to drive engagement | $1,000 | $1,000 |
| Part-time designer | $600 | $600 |
Community Growth Budget: $13,800
| Item | (Oct - Dec) | Total |
|---|---|---|
| 4 community managers across Ghana,Kenya,South Africa ,Uganda and Nigeria (to drive social engagement) | $8,800 | $8,800 |
| 5 Community mixers per quarter in Kenya, Nigeria, South Africa,Uganda and Ghana | $5,000 | $5,000 |
Success Metrics:
- Host 9+ Twitter Spaces monthly.
- Achieve 20,000+ engagements and 250,000+ impressions through PR.
- Sponsor 3+ Tech events in Nigeria, Kenya, Uganda, Ghana and South Africa.
- Bringing 50pc of college students to the build with Celo hackathon.
- Organize 15+ college mixers to engage computer science majors for the entire H1 period
- Attract 400+ participants to college mixers/university events.
- 100+ followers on social media per month.
Transparency:
To ensure transparency and accountability which is the ethos that guides Web3 and DAOs to be more specific. We will have 4 multi-sig holders from all the three different countries we touch and an operations Manager to oversee the overall operations of the DAO.
- Multi-Sig holder and Operations Lead payment ($15,000)
- Tooling, legal and miscellaneous ($2000 )
| Program | Budget Allocation | Lead |
|---|---|---|
| Incubator program | $9,000 | Daniel Kimotho |
| Market Awareness | $4,600 | Chimize Chuta |
| Community growth | $13,800 | Umar Sebyala |
| Web 3 Talent | $18,500 | Cynthia Kamau |
| Multi-Sig & Ops | $15,000 | Ops Lead |
| Tooling and Legal | $2000 | Ops Lead |
| Overall DAO ops | $62,900 |
Team Structure & Mutli-Sig
Updates
The following four people will manage the Celo Africa DAO multisig and coordination of the resources.
-
Daniel Kimotho - Program Lead
-
Cynthia Kamau - Devrel Lead.
-
Chimezie Chuta - Market Awareness
-
Umar Sebyala - Community Growth
Resources
Celo Africa on Twitter Ecosystems
Celo Africa on Telegram Ecosystems