- Binance Labs launches Season 7 of its Incubation Program, targeting early-stage Web3 founders, and offering mentorship and resources.
- The program, run by Binance’s venture arm, aims to foster blockchain and decentralised tech startups.
- Selected participants receive mentorship, and access to Binance’s resources, with applications closing on April 15, 2024.
Binance Labs invites early-stage founders in the Web3 space to apply for Season 7 of its Incubation Program, providing customised mentorship and resources.
As the venture capital and innovation arm of Binance, a leading cryptocurrency exchange, Binance Labs has announced the launch of applications for its seventh Incubation Program. This initiative aims to nurture innovation in blockchain and decentralised technology startups.
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Binance Labs adapts its program to meet the needs of Web3 entrepreneurs
Selected founders will receive direct mentorship from the Binance Labs Investment team and access to resources within the Binance ecosystem. With the crypto industry rapidly evolving, Binance Labs adapts its program to meet the needs of Web3 entrepreneurs.
Applications for Season 7 close on April 15, 2024, with the program starting in early May and running for two months. The selection process is highly competitive, with only 3% of applicants accepted in Season 6.
The Incubation Program not only provides access to Binance’s resources but also offers visibility and support to innovative projects. Season 6 witnessed investment in seven standout teams out of 12, covering areas like DeFi, infrastructure, and AI.
Binance Labs boasts a portfolio worth over $10 billion
Binance Labs boasts a portfolio worth over $10 billion, spanning 250 projects globally, showcasing a return on investment rate of over 14X. The program’s success contributes significantly to this achievement.
For Season 7, Binance Labs has issued a Request for Startups (RFS) across various sectors, including modular blockchains, decentralised internet services (DePIN), AI infrastructure, Bitcoin infrastructure, innovative DeFi products, AI-powered dapps, and fully on-chain games.
Admission to the Incubation Program does not guarantee investment from Binance Labs. Investment decisions are made separately and announced post-program.
Applications will be reviewed on a rolling basis, and selected projects will be notified via email. Interested applicants can apply through the Binance website, where further details and the application form are available.
