African founders residency

magma


A two-week in-person residency

for Africa’s top founders


Apply to magma3 by 30 January 2025!

Apply Now

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Why

A coordination point
for founders & builders

magma is where those building the most consequential applications and protocols in Africa come to support one another, up-level their capacity to build with top tier advice and mentorship, give and receive feedback, and form lasting relationships with others who are building Africa’s economy and finance onchain.

April 2025 in Kenya.

Build together

The financial and economic infrastructures for Africa's 1.4B users are being built by talented founders. magma serves as the coordination point to build interoperable and modular tools to meet the needs of the African market and beyond. magma builders join to give each other feedback, test out new directions, receive expert mentorship, and build collaborative directions. With multiple cohorts, magma is becoming a powerful network of founders building the legos of Africa’s economy.

Build together

The financial and economic infrastructures for Africa's 1.4B users are being built by talented founders. magma serves as the coordination point to build interoperable and modular tools to meet the needs of the African market and beyond. magma builders join to give each other feedback, test out new directions, receive expert mentorship, and build collaborative directions. With multiple cohorts, magma is becoming a powerful network of founders building the legos of Africa’s economy.

Hands on-support

Founders and builders receive hands on support in critical areas to level up, including: smart contracts, security, privacy, zero knowledge proofs, tokeneconomics, product, GTM, DAO and governance, fundraising, and more. World leading founders host open Q&A and mentorship sessions so we learn from the best. magma also offers a platform to share your work with top VCs, L2s, grant programs, and the broader Web3 community.

Hands on-support

Founders and builders receive hands on support in critical areas to level up, including: smart contracts, security, privacy, zero knowledge proofs, tokeneconomics, product, GTM, DAO and governance, fundraising, and more. World leading founders host open Q&A and mentorship sessions so we learn from the best. magma also offers a platform to share your work with top VCs, L2s, grant programs, and the broader Web3 community.

A growing community

Historically, building in, from, and for Africa has been a disadvantage because of our distance from the global centers of gravity. magma is bridging our founders with seasoned global entrepreneurs, infrastructure builders, and researchers, because our collective work is more relevant than ever in bringing scale & utility to crypto primitives. By curating the highest potential founders & builders, along with long-term focused individuals & infrastructure builders globally, magma is creating a breeding ground for the tools that can bring whole economies onchain.

A growing community

Historically, building in, from, and for Africa has been a disadvantage because of our distance from the global centers of gravity. magma is bridging our founders with seasoned global entrepreneurs, infrastructure builders, and researchers, because our collective work is more relevant than ever in bringing scale & utility to crypto primitives. By curating the highest potential founders & builders, along with long-term focused individuals & infrastructure builders globally, magma is creating a breeding ground for the tools that can bring whole economies onchain.

Who

Who is magma for

A program for founders and builders who are building :

  • For the African Market

    Products that have Fundimental Utility

    Onchain or Onchain-to-be

    Interoperable Products and Services

  • For the African Market

    Products that have Fundimental Utility

    Onchain or Onchain-to-be

    Interoperable Products and Services

apply today

Application Process

Apply by 30 January 2025

Rolling reviews

Decision

magma3 in April 2025

Read more on

FAQ

What is the program during the magma residency?

Who is magma for and who is it not for?

Can I do focused work while on the magma residency?

What does it cost to participate?

Is magma an accelerator or incubator?

Who are the global mentors and protocols participating?

Are there scholarships for travel if I’m flying to Kenya?

Why is magma happening in Kenya?

magma is supported by: