Entrepreneur in Residence

Who is this position ideally for?

• Tech founders looking for funding - web3 or AI or Gaming space
• Business founders looking for funding - web3 or AI or gaming space
• Developers looking to upskill or network globally and gain CTO experience
• Developers looking to startup (while continuing their 9-5 job)

soonami is looking for founders interested in Web3 or AI or gaming technologies, for early-stage projects. The vetting process for this position is 12-15 weeks. After the 12-15 program you will be taken to the Investment Committee stage and if you clear, you get $125k as funding from the soonami ecosystem to launch your startup

A project that we have funded in the past?

AuditOne has successfully moved out of the soonami ecosystem and raises 800k Euro recently.

Is this a paid position?

• For a bit, yes - then you have to raise funding (which we will facilitate)
• After an initial vetting process (which lasts 10 days), if you’re chosen for the program, you have to enrol with us as a team of two co-founders (not more members, not less) and go through a 12-week program
• During the above three months, you will be paid a stipend.
• $1k/ month/member (for a three month period) During this period you can continue with your existing job/other assignments
• After three months, if you’ve shown progress depending on feedback given to you, you will be taken to the Investment Committee
• If the committee approves, you’re granted $125k from the soonami ecosystem. At this stage you need to give your startup full-time commitment.

Tasks

• After your join Application gets accepted and you proceed to the next step, you'll have to apply for the soonami Venturethon, which is a second process to vet candidates
• Fill out your form on app[.]foundance[.]org/events/soonami-cohort-7
• The above is necessary for shortlisting
• It's a 12-15 week process
• You're supposed to have an idea in the web3 or Gaming space and build part of the MVP/basic framework in a 10-day sprint, then improve the product in 8-10 weeks depending on the feedback you receive from us

Requirements

Expertise in any of the below.

Web3

• Blockchain Development
• Decentralized Application (DApp) Development
• Smart Contract Development
• Web Development Skills
• Understanding of Decentralized Finance (DeFi)

Gaming

AI

Benefits

• A great platform where your startup finds boost
• You will get a monthly stipend of $1K/ month/member for a team of two people for three months.
• A certificate of completion of the EIR program
• Funding potential available of upto $125k for those who stick around for the 8-15 weeks EIR program and ace the IC (Investment Committee)

Your Team

• If you have an existing co-founder/team, they can continue to work with you
• You can also look for a co-founder from the soonami community. We can assist with this process

Ventures we have funded

• AuditOne
• unbounded.dao
• Foundance
• Rethink Finance