“Avalanche Foundation-run pre-seed incubator combining $250K across two SAFEs, a $50K non-dilutive stipend and a 10-week program for teams committing to build natively on Avalanche for 24 months, with Blizzard Fund as the natural follow-on for graduates.”
Codebase names RWA, asset tokenisation and web3-native apps as preferred areas, alongside payments, consumer and gaming. It is chain-committed, not sector-committed: any sector is eligible if the team commits to building natively on Avalanche.
Codebase is the Avalanche Foundation's pre-seed incubator, running as a 10-week program plus an onboarding week. Its terms are unusually specific for a web3 accelerator: $125,000 on a post-money SAFE for a fixed 5% share, capped at a $2.5M valuation, plus a second $125,000 on an uncapped SAFE with most-favoured-nation terms, plus a token warrant, for a total of $250,000 in investment. On top of that, teams receive a $50,000 stipend, described as covering salaries, expenses or runway extension, which is effectively non-dilutive runway layered on top of the priced investment.
Eligibility is tight: teams must have raised less than $500,000 (grants are evaluated case by case against this cap), must include at least one technical team member, and must sit somewhere between a working demo and pre-product-market fit. Solo founders are eligible, though co-founding teams are strongly encouraged. The defining commitment is a 24-month agreement to build natively on Avalanche, the most explicit chain-loyalty requirement of any program in this corpus.
The program runs in two seasonal windows a year, described on the page as starting "March or October." Season 4 registration ran May 4 to June 6, 2026, with a Welcome Week retreat on September 28 and a virtual Pitch Day on December 9, where a separate $500K prize pool is distributed among top performers alongside the standard investment track.
Key stats:
| Person or team | Role | Where to find them |
|---|---|---|
| Codebase / Avalanche Foundation team | Runs the incubator, mentorship, Welcome Week and Pitch Day | codebase.avax.network |
| Blizzard Fund | Avalanche's dedicated web3 venture fund and the natural follow-on investor for Codebase graduates | codebase.avax.network |
Codebase does not publish individual mentor or partner names on its public program page, and we have not guessed.