- September 8, 2019
- Posted by: BlockX
- Category: Blockchain
Binance Labs just opened applications for Season 3 of its Incubation Program, the home of some of the most promising blockchain projects and BUIDLers in the world. From projects on Binance Chain and gaming startups to DeFi services, Binance Labs looks for innovative projects to further mainstream crypto adoption –– find out what’s new in Season 3 and apply today.
, the venture arm and incubator of Binance, is once again on the lookout for the brightest minds and the most promising projects in the blockchain space. Join the , now in its third season! Apply here.
What’s New for Season 3?
For this season of the Binance Labs Incubation Program, we are looking for fast-executing token projects to support in all continents, including infrastructure projects from emerging economies. While the scope of Binance Labs remains global, we have identified key industries and focus areas that we encourage applications for in Season 3, including BEP2 Token Projects, Binance Chain Infrastructure, Blockchain Gaming, Decentralized Finance, Layer 2 Scaling, Governance Tools and dApps, in Europe, Asia, and North America; and, Stablecoins, Payments, Remittances, and Trading Infrastructures in Africa, Latin America and Southeast Asia. .
From now until August 31, 2019, we will screen applications for the incubation program and accept select projects on a rolling basis. Right from the get-go, startups that are accepted will begin to receive advisory support, funding, and resources from Binance Labs. Founders and teams who are selected for the program will be brought to a 10-week onsite program held in Asia, which will run from October to December. More details will be disclosed to the selected projects.
Gain Game-Changing Advantages for Your Startup
Blockchain founders and projects accepted to the Binance Labs Incubation Program are accelerated toward discovering product-market fit and have a competitive advantage with the unique set of resources offered by Binance Labs.
– Seed Investment. We offer seed funding for incubation program participants. We make the first move to help provide initial funding to your startup so that you can focus on building the best company you can.
– Mentorship. We connect founders to top mentors with both crypto and startup experiences, including some of the most influential entrepreneurs and developers in the blockchain scene.
– Extensive Network. We make introductions for startups to connect directly with our network of industry leaders. At times, these leaders also become valuable mentors.
– Holistic Support. We go above and beyond for the startups we take under our wing. We provide support for many facets of how a startup works, including formation, regulatory/legal advice, recruiting, technical execution, fundraising, marketing/PR, etc.
Watch the video below to learn more about the Incubation Program.
Success Stories from the Previous Seasons
Over the of the Binance Labs Incubation Program, we have consistently found talented and high-potential blockchain founders and teams around the world. Our roster of startups has drawn extensive interest from leading investors and global funds, many of which also serve as mentors and advisors for the incubation participants.
Startups that have graduated have proceeded to take significant steps toward growing the blockchain ecosystem and furthering adoption, including product launches and notable funding rounds, including:
– , a privacy-centric startup and protocol led by CEO Harry Halpin, recently $2.5 million and will launch its testnet soon.
– , a startup that develops technology for managing private keys founded by CEO Zhen Yu Yong and CTO Leonard Tan, a $2 million seed round and has built a working product with several partnerships.
– , a blockchain startup working on enhancing network speeds with CEO Siddhartha Dutta at the helm, $3 million in funding and launched its testnet recently.
– , a blockchain-based CRM solution founded by CEO Fred Jin and his team, funding from respected investors. Like Marlin, Cere has also launched its testnet.
– , creator of secure and affordable hardware wallets and led by CEO Veronica Wong, launched on Amazon and sold out its first batch within 20 days.
“Binance Labs was created to empower the next generation of BUIDLers and nurture adoption and innovation in blockchain and cryptocurrency,” said Ella Zhang, Head of Binance Labs. “Through incubation, we are able to support early-stage projects in finding product-market fit and growing traction. We continue to be inspired every day by the talented founders and teams all across the world and we can’t wait to see what Season 3 brings.”