BNB Chain and Binance Labs Collaborate With Top VCs To Launch BNB Incubation Alliance (BIA)
Dubai, UAE, June 13th, 2024, Chainwire
BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, and Binance Labs, the venture capital and incubation arm of Binance, today announced the launch of BNB Incubation Alliance (BIA). With the ethos of “building together to fast-track your Web3 journey,” the BNB Incubation Alliance is an alliance aimed at fostering early-stage blockchain projects through a series of global events, co-hosted with industry Venture Capitalists, Incubators, and developer communities.
Designed to fast-track the Web3 journey for emerging blockchain projects, BNB Incubation Alliance provides a coveted opportunity for participating projects to secure direct admission to the BNB Chain Most Valuable Builder (MVB) program, receive BNB Chain grants, and Binance Labs investment opportunities. Additionally, it gives participants access to the Launch-as-a-Service (LaaS) package. Covering infrastructure, security, and treasury management to business growth and marketing, LaaS, in collaboration with BNB Chain ecosystem partners, aims to accelerate project success through a range of benefits including free services worth up to US$300,000.
The BNB Incubation Alliance’s operation is simple yet strategic—collaborating with partners to host globally held events that identify promising projects to incubate. Focused on early-stage projects selected by partners, these events will choose projects that fit well-defined criteria—early-stage blockchain ventures in the incubation stage, pre or post-product launch. Judging and awards will be facilitated by a panel comprising representatives from co-hosts and co-organizers.
The events are scheduled as follows with exact dates being shared closer to the event date:
- July in Brussels, Belgium during EthCC 2024
- July in Nashville, USA during Bitcoin 2024 (to be confirmed)
- September in Singapore during Token 2049 (to be confirmed)
- October in Dubai, UAE during Binance Blockchain Week (to be confirmed)
- November in Bangkok, Thailand during DevCon and ETHGlobal (to be confirmed)
BNB Incubation Alliance events will include keynote addresses, Q&A sessions, presentations and demos, networking sessions with BNB Chain, Binance Labs, VCs, incubators, and a gala party where the winning projects will be awarded.
A perk that winners of BNB Incubation Alliance events will receive is eligibility for fast-tracking into the BNB Chain MVB Program—a highly competitive incubator program jointly hosted by BNB Chain, Binance Labs, and CMC Labs. Winning projects can bypass the screening process and rounds of interviews, granting direct admission to this sought-after program offering strategic partnerships, industry-leading collaboration, advisory support, and accessible resources to aid Web3 startups. During MVB Season 7, 13 early-stage Web3 projects were selected from over 700 applicants for a 10-week accelerator. The program offered expert-led sessions, and mentorship, and concluded with a Demo Day where Binance Labs will decide on investments based on project performance.
The BNB Chain Core Development Team said: “We created the BNB Incubation Alliance to fast-track the Web3 journey for promising projects, equipping emerging talent with the tools, network, and knowledge they need to succeed. Aimed at further fostering innovation and equipping developers with the best support for their Web3 projects.”
Yi He, Head of Binance Labs said: “BNB Incubation Alliance reaffirms Binance Lab’s commitment to incubating and nurturing the next generation of blockchain talent, serving as a launchpad for Web3 projects.”
Users cab visit here to find out more about the BNB Incubation Alliance, and keep updated on X.
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:
- BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
- opBNB: A scalability L2 that delivers the lowest gas fees of any L2 and rapid processing speeds.
- BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.
Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.
For more, follow BNB Chain on X or start exploring via our Dapp library.
About Binance Labs
As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.