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description=Codebase by Avalanche helps transform good ideas into great web3 companies & ambitious builders into extraordinary founders.;

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codebase by avalanche about mentors partners alumni eligibility faqs applications closed we help transform good ideas into great web3 companies ambitious builders into extraordinary founders applications closed inaugural codebase by avalanche spring 24 cohort announced view the selected startups join us for avax startup house presented by codebase view event codebase by avalanche program is the official avalanche incubator that funds and supports web3 founders as they shape the future with category defining projects 5 teams 50k stipend per company 500k prize pool apply to codebase by avalanche program applications closed experience the codebase by avalanche incubator experience 1 create turn your idea into a testnet ready product get feedback fast through hackathons validation sprints and builder support 2 build in our 10 week incubator move quickly with mentorship technical guidance and structured sprints from architecture to launch 3 grow post launch tap into mentors contributors and go to market support innovation house and alumni perks keep your momentum strong season 2 the season 4 timeline may 04 registration for season 4 opens jun 06 registration for season 4 closes sept 28 all expenses paid welcome week retreat dec 09 investor avalanche ecosystem virtual pitch day mentors mentors hansen niu co founder benqi christina beltramini head of growth lens aave steven gates co founder gogopool austin barack founder and managing partner relayer capital and more partners partners ava cloud head of growth lens aave circle head of growth lens aave republic crypto head of growth lens aave thirdweb head of growth lens aave and more blog latest posts the key to building a successful web3 company pick your cofounder wisely just months after being selected as a winning team in codebase s season 2 chiss protocol has grown the team developed their mvp and has commitments from several partners in the space startup incubator codebase by avalanche announces season 2 winners against the backdrop of the consensus conference in austin the 15 cohort members presented their projects to a panel of experienced investors and founders for the chance to win an investment from the 400k prize pool avax startup house hosts codebase demo day at consensus the early stage web3 startups pitched to a room full of investors and founders to share their vision for the future of what is being built on avalanche what we re looking for what we re looking for in an applicant we are seeking builders who can demonstrate resilience resourcefulness leadership and grit at the earliest stages of a company the character of a founder is what will inordinately impact success we also value individuals who have direct experience and relationships with the market and buyer they are building for ideas are good but execution is better what kind of companies we re excited about we share your belief in blockchain s potential to revolutionize business models and tap into existing industry opportunities we seek founders dedicated to expanding blockchain use through real world applications asset tokenization and web3 native solutions alumni fall 2024 season two winners chiss protocol autopen disgo view all alumni frequently asked q s faqs logistics what happens at codebase by avalanche incubator and where does it take place codebase by avalanche incubator seamlessly blends in person and virtual experiences in the inaugural week we orchestrate a face to face onboarding where every team collaborates with key personnel from our team to chart out a strategic roadmap delve into startup building masterclasses and learn the nuances of building on avalanche after this immersive week you ll transition to working remotely in alignment with your established roadmap from weeks 2 11 we will facilitate twice weekly roundtable discussions and workshops while participation isn t required it s strongly advised the final week of the program we will host a virtual demo day during this demo day we will invite our global ecosystem of investors ecosystem members to view your pitch and even select one of the prize winners how do we choose which startups to fund we utilize a robust evaluation framework encompassing 30 criteria across five pivotal domains founder team expertise the novelty and necessity of the company idea market potential current traction and the team s prowess of the technical architecture paramount in our assessment is the alignment between founder and market the company s potential to significantly onboard web3 users its capacity to address user challenges and how they plan on solving them demonstrating ability of being able to do so and building a technical architecture that is interoperable and that others can build on top of off of how much do you invest we have a standard deal for the winner of demo day for every batch avalanche will invest 250k in two separate safes 125 000 in a post money safe in return for a fixed 5 share of your company a 2 5m cap and another 125 000 in an uncapped safe with a most favored nation mfn provision the investment also includes a warrant for future tokens that you may issue what can i use the codebase by avalanche incubator stipend for the stipend is flexible use it for salaries expenses or to extend your post program runway we highly encourage full time commitment from participants during the program and the stipend aids in this dedication what is the time commitment of codebase by avalanche incubator participants are encouraged to work full time on their company during the program and are mandated to attend in person during on boarding and are encouraged to join our bi weekly sessions outside these we expect you to grow your company engage with customers and refine your product so that you testnet is ready to go live and be pitched at demo day what are the dates for the next batch our batches begin every march and october specific dates tbd this batch isn t a good time for me can i apply to the one after yes please do even if you aren t planning on applying for this batch please join our mailing list on build avax network so you can be apprised when the next pre registration opens i m actively fundraising now but the next batch doesn t start for a long time what should i do you should join our mailing list and if you are eligible when the next batch opens up you should apply what if i don t get selected as the winner at demo day do i have the chance at runner up funding although we won t offer a dedicated fund for non winners at demo day the avalanche team will assess all participating companies during the program their insights will guide decisions on funding from affiliated capital sources for other program participants should i apply what are your high level eligibility requirements the primary requirement is that your company cannot have raised more than 500 000 in investment capital if you have raised more than 500 000 through grants or a combination of grants and equity investments you are eligible to apply and we will evaluate your company on a case by case basis also in order to participate you must commit to building natively on avalanche for twenty four months if you have specific questions about this requirement get in touch i m a solo founder am i still eligible yes you are eligible to apply and participate as a solo founder however we strongly encourage you to find a co founder i want to help build a company but don t have an idea of my own how can i be involved you should join our talent network during the registration period we will facilitate connections between people who have applied with company ideas and those who are in the talent network am i too early to apply to codebase by avalanche incubator should i wait until i have more traction while we are always open to very early stage applicants our strike zone is typically companies who have a working demo up to pre product market fit we ve already been working on our startup for a while is codebase by avalanche program appropriate for us it really depends as mentioned above we are looking for companies who are between a working demo and pre pmf in their company lifecycle i ve raised money at a higher valuation than is implied by the codebase by avalanche program investment am i too far along to do codebase by avalanche is doing codebase by avalanche a down round if you ve raised more than 250 000 in investment capital you are not eligible to apply for codebase by avalanche incubator we are confident that the codebase by avalanche program will benefit any founders who participate so if you believe you are a good fit please apply do you only fund startups that write software all companies must have a software component that leverages the avalanche blockchain can a single person apply for funding yes although we strongly encourage you to find a co founder we believe that having a co founder is a competitive advantage can provide valuable feedback and help you iterate more quickly i have a great idea for a startup but i m not technical will you still fund me because every company will be required to deploy on the avalanche blockchain it will be necessary that you have someone technical on your team can i participate in codebase by avalanche incubator while i m a full time student or working full time at a job yes although we will inquire with you during the application process to ensure that you are adequately committed to delivering an mvp within the 10 week period codebase by avalanche incubator has already funded a company that does something similar to my idea will that affect my chances of being accepted you should apply and we will evaluate to determine if there is a good fit with the program or not can we apply more than once you can apply as many times as you like but are only allowed to participate once should you be accepted do we need to know someone at codebase by avalanche program to get in no we will not prioritize companies who have a direct connection with the program all applicants must fill out all of the required registration applications and be interviewed in order to be accepted into the program if we participated in another accelerator can we do codebase by avalanche incubator yes do we need to incorporate before applying no although we strongly encourage you to do so prior to receiving the stipend interested in becoming a mentor partner or collaborator applications closed stay informed on codebase news and updates submit i would be happy to receive updates and promotions from avalanche by email i know i can unsubscribe anytime privacy policy privacy policy