Prior to the start of the main program, the selected startups are required to sign an uncapped SAFE agreement as a condition of participation:
- $50,000 for the Alchemist Silicon Valley Residency
- and participation equity with Alchemist
Note: This is not an upfront investment. This is a program participation fee. The uncapped SAFE serves as a future equity agreement, formalized through a four-party SPV contract with the following beneficiaries: IT Park Ventures, Astana Hub Ventures, and Silkroad Innovation Hub, and separate with Alchemist.