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YZi Labs Launches EASY Residency Season 3 With Rolling Admissions

According to YZi Labs, the accelerator will now accept applications year-round and expand to New York and the SF Bay Area, offering funding and international demo opportunities.

Summary

YZi Labs announced its EASY Residency accelerator will shift to a year-round rolling admissions model and establish hubs in New York and the San Francisco Bay Area. Selected projects will receive up to $500,000 in funding, comprising $150,000 via SAFE and $350,000 via uncapped SAFE, along with office space, housing, AWS support, and access to global demo days beginning in April in Dubai.

Terms & Concepts
  • Rolling admission: A continuous application process where submissions are accepted at any time without fixed deadlines.
  • SAFE (Simple Agreement for Future Equity): An investment contract granting investors the right to future equity without specifying the exact ownership percentage at the time of the agreement.
  • Demo day: An event where startup founders present their projects to investors, media, and industry professionals.