Newtopia is backed by well-known Latin American business leaders and athletes, was founded by people who helped build Argentina's startup policies and later teamed up with experienced leaders from across the region's tech scene, and focuses on very early-stage companies—starting from just an idea—through a structured 10-week program meant to help them reach product-market fit, filling a gap many see in Latin America between the idea stage and later funding rounds. The fund only backs companies that could realistically return its full $50 million size on their own, tends to prefer business-focused (B2B) companies where software drives growth, and in crypto only invests in startups that make things easier to use and more accessible, all reflecting its belief that Latin America needs more startups being created, not just more money available to invest.