Binance Labs Opens Applications Into Season 5 of Incubation Program

Season 5 will last 8 weeks, and projects from every blockchain network can apply.

It’s Time to Apply 

Binance Labs, the venture capital and incubator arm of Binance, is now accepting entries for Season 5 of its incubation program. 

The Season 5 Incubation Program targets the next set of innovative protocols that will shape Web3. The program will run for eight weeks, and projects from all blockchain networks are eligible to apply. Binance announced in a July 7 blog post that interested projects have up to July 31 to make their applications which they are to submit through this online form.

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What benefits do projects stand to gain?

Binance Labs has a lot to offer projects that qualify for the incubation program, including: 

Insight-sharing sessions between founders of projects and established leaders in the crypto industry 

Exposure to a vast network of investors and experts to facilitate collaboration 

Technical and marketing support

Seed funding for projects that stand out. 

As an additional perk, participants will have exclusive meetups with the founders of Binance and, like the alumni of Season 4, could even get in on a photo shoot!

Binance is the world’s largest crypto ecosystem and has built a reputation for championing the interests of decentralized finance and crypto adoption through many initiatives. Through Binance Labs, the crypto giant provides blockchain startups with solid mentorship to help them develop into viable protocols that will add value and utility to the blockchain industry:

“The mission of Binance Labs is to support leading Web3 projects, find and provide guidance to future market leaders, and build a decentralized future together,” Binance Co-Founder Yi He said.

Season 5 of the Binance Labs Incubation Program will help create the next generation of projects that will define the future of Web3. The success of past alumni of the initiative, such as Polygon, Injective Protocol, Wombat Exchange, etc., is proof of the catalyst Binance is for DeFi, blockchain and crypto.

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What is Binance Labs?

Binance set up Binance Labs to support the development of the broader blockchain ecosystem by identifying, empowering, and incubating viable blockchain entrepreneurs and startups.

So far, Binance Labs has incubated more than 180 projects, providing them with expert mentorship, financial resources, and post-incubation support to help them evolve into their full potential.

Where to find Binance Labs:

Website | Twitter 

Source : bsc.news