During our first-week onboarding-onsite, you’ll work with our team to plan your roadmap, set milestones, and deep-dive on what it will take to ensure your success in the program.
With your roadmap in hand, you’ll build your product while joining our various masterclass series on organizational development, technical development, BizOps planning, product, go-to-market, and fundraising with leading web 2.0, web3 operators and enterprises, and our internal team.
Hitting your milestones, weekly calls with your coach and mentors, and insightful discussions with experts across the tech industry will help you establish a foothold — whether that’s refining your MVP, meeting your first customers, or building your team.
After three months of hard work and investor feedback, you’ll pitch at Demo Day to an exclusive group of investors, operators, founders, and press for the chance to win an investment from the $400k prize pool.
We are seeking founders with experience in the market they are building for and who have the ability to navigate ambiguity.We value your ability to scale your company, overcome obstacles, and passionately solve problems more than your background or education.
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.
Codebase seamlessly blends in-person and virtual experiences. In the inaugural week, we orchestrate a face-to-face onboarding (location TBD) 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 will be Demo Week, capped-off with Demo Day. During this week, we will bring in local investors and ecosystem members for advising as you prepare your pitch for Demo Day. We’ll also host social events during this week so you can maximize your time with fellow Codebase companies.
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 others can build on top of/off of.
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.
The stipend is flexible; use it for salaries, expenses, or to extend your post-program runway. We mandate full-time commitment from participants during the program, and the stipend aids in this dedication.
Participants must work full-time on their company during the program, attend in-person during on-boarding and Demo Week, 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 your pitch at Demo Day is as compelling as possible.
Our batches begin every March and October, specific dates tbd.
Yes, please do. Even if you aren’t planning on applying for this batch, please join our mailing list so you can be apprised when the next pre-registration opens.
You should join our mailing list and if you are eligible when the next batch opens up, you should apply.
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.
The primary requirement is that your company cannot have raised more than $250,000 in investment capital. If you have raised more than $250,000 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.
If you have raised more than $250,000 in equity investment and believe you are a strong fit for the Avalanche ecosystem, please apply for Blizzard funding. [HYPERLINK: https://www.blizzard.fund/]Beyond this, every project must deploy their technology on the Avalanche blockchain and remain exclusive to it for a minimum of two years. If you are already building on another blockchain, we require that you also deploy your company on Avalanche.
Yes, you are eligible to apply and participate as a solo founder, however, we strongly encourage you to find a co-founder. We are also soliciting applications for our talent network for those who are interested in participating but don’t have an idea of their own — during the registration period we will facilitate connections between all applicants to support the formation of teams.
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.
No, you aren’t too early. Codebase is specifically designed to support the earliest stage founders. While having some level of traction will help your application, we do not require it. However, you should note that we do want to see that you have evidence that your company is solving a deeply-felt customer pain point.
Yes, we love to see companies who have been building and proving themselves in the market. Our program is designed for founders at the earliest stages of their company journey but the founder support, access to partner and engineering resources, and general support from the Avalanche Foundation will be valuable to any founder, no matter how far along they are.
As long as you have not raised more than $250,000 in investment capital, please apply.
If you’ve raised more than $250,000 in investment capital, you are not eligible to apply for Codebase. If you have raised less than that and your valuation is lower than that implied by the Codebase investment, then yes, we would be doing a down-round should you win at Demo Day.
We are confident that Codebase will benefit any founders who participate so if you believe you are a good fit, please apply.
All companies must have a software component that leverages the Avalanche blockchain.
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.
Because every company will be required to deploy on the Avalanche blockchain, it will be necessary that you have someone technical on your team. However, you should still apply, as we will be facilitating connections between applicants and our talent network during the registration period.
No, we require that companies accepted into the program work on it full-time.
You should apply and we will evaluate to determine if there is a good fit with the program or not.
You can apply as many times as you like but are only allowed to participate once should you be accepted.
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.
Yes, so long as you have not raised more than $250,000 in investment capital.
We invest in legal entities formed in the United States, Cayman Islands, and Singapore. If you haven't established a company yet, don’t worry; upon acceptance into the program, we can connect you with legal service providers that can assist you in the incorporation process.
If your startup is established in a country outside of the designated three, restructuring is essential. We can facilitate connections with legal professionals to determine the optimal course of action. Typically, the initial company transitions into a subsidiary, maintaining operations in its home country. The newfound parent company assumes ownership of all intellectual property and assets associated with your startup.