YZi Labs has announced the launch of its global incubation project, EASY Residency, aimed at supporting startups in innovative sectors.
Goals of the EASY Residency Program
The EASY Residency program provides significant funding and resources to stimulate growth of innovative startups in the fields of Web3, AI, and healthcare. This incubation project focuses on technological development and supporting ambitious founders.
Role of Cathy Dou in Incubation
Cathy Dou has been appointed as the incubation operations director, overseeing a 10-week offline program in Silicon Valley. Her role involves guiding startups and providing them with the necessary resources and support.
Financial Support for Startups
Each startup in the program receives $500,000, which includes $150,000 for 5% equity through a SAFE agreement, along with $350,000 in future investments. This substantial funding is aimed at supporting startups and advancing technologies in Web3 and AI.
The launch of the EASY Residency program by YZi Labs is a significant step in supporting innovative technologies and startups, opening new opportunities for development in a rapidly evolving industry.
