Codebase by Avalanche, a 12-week accelerator program, is now accepting applications from early-stage Web3 startups. Launched today, on November 9, Codebase offers a unique opportunity for startups to receive a $50k stipend, extensive support from the Avalanche Foundation, collaboration with Web2 unicorns, and renowned Web3 builders. The program culminates with a Demo Day where participants can pitch for a chance to secure a share of the impressive $400k prize pool of investment.
Immersive Programming and Collaborative Mentoring
During the 12 weeks of Codebase, selected startups will be immersed in a carefully curated program organized by the Avalanche Foundation in collaboration with influential Web2 and Web3 leaders. The program ensures that participants receive comprehensive guidance and mentorship from industry experts. Notable service providers and mentors include:
Web2 Collaborators:
- Amazon Web Services
- Google Cloud
- Carta
- Deel
- Brex
Web3 Collaborators:
- Chainlink
- Circle
- Chainstack
- OpenZeppelin
- Fireblocks
- BitGo
- Biconomy
Spring 2024 Cohort and Program Structure
The inaugural cohort of Codebase will commence in Spring 2024. The program kicks off with an in-person roadmap-planning session where startups will work closely with a dedicated Avalanche coach. The subsequent weeks of Codebase will consist of a combination of remote sessions with technical staff from Ava Labs, as well as business-focused sessions covering various aspects such as product development, go-to-market strategies, business operations planning, organizational development, and fundraising. These business sessions will be led by experts from both the Avalanche Foundation and the Web2/Web3 mentorship network.
Unlocking Potential and Empowering Founders
Codebase aims to provide highly impactful founders with transformative ideas the necessary business and marketing tools to maximize their potential. By equipping founders with the skills and knowledge beyond technical expertise, Codebase elevates not only the individual startups but also contributes to the growth of the entire Web3 community and Avalanche ecosystem.
Leveraging Web2 Leaders for Success
One of the key factors that sets Codebase apart is the involvement of market-leading Web2 operators. These operators have already built some of the most successful companies of the past generation. The invaluable experience and insights they bring will give promising Web3 founders a significant advantage as they navigate the challenges of both technical development and business establishment.
Global Reach and Hubs
Codebase is a globally distributed program and welcomes applications from around the world. The first cohort will have hubs in Buenos Aires, Argentina, and Bangalore, India. These locations have been selected for their abundance of local talent, strong presence of Web3 developers, thriving startup ecosystems, and the active involvement of Avalanche team members.
Accelerating Fundraising and Demo Day
Codebase participants will also receive guidance on fundraising strategies, including deck design, storytelling techniques, and pitch practice. At the conclusion of each cohort, a high-stakes Demo Day will take place, providing an opportunity for participating companies to showcase their projects and compete for a share of the impressive $400k prize pool of investment provided by the Avalanche Foundation.
Empowering Web3 Founders for Success
Luigi D’Onorio DeMeo, Head of DeFi and DevRel at Ava Labs, emphasizes the importance of founders mastering various facets beyond technology. To attract users and become profitable, founders must excel in areas such as business, marketing, and user experience. Codebase is designed to steep founders in these essential aspects, equipping them with the tools and knowledge needed to become leaders within their respective categories.
Selectivity and Application Process
Codebase is a highly selective program, with less than 1% of applicants being accepted into the Spring 2024 cohort. Eligible participants must be early-stage startups that have not previously raised more than $250k in funding.
Conclusion
In conclusion, Codebase by Avalanche offers a transformative opportunity for early-stage Web3 startups to accelerate their growth and achieve their goals. The program provides comprehensive support, mentorship from industry leaders, and a chance to secure investment through the Demo Day. By equipping founders with essential business and marketing skills, Codebase empowers them to become leaders within the Web3 community and contribute to the growth of the Avalanche ecosystem. Apply now to be a part of this exclusive program and take your startup to new heights.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
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