TLDR:
- BNB Chain and Binance Labs have collaborated to launch the BNB Incubation Alliance (BIA).
- BIA aims to foster early-stage blockchain projects through global events, grants, and investment opportunities.
BNB Chain and Binance Labs have partnered to create the BNB Incubation Alliance (BIA), an initiative designed to support early-stage blockchain projects. The alliance offers participating projects the chance to secure direct admission to the BNB Chain Most Valuable Builder (MVB) program, receive grants, and access investment opportunities from Binance Labs. Additionally, participants will have access to Launch-as-a-Service (LaaS) packages, providing various benefits to accelerate project success.
The operation of BIA involves globally-held events that identify promising projects for incubation. These events will focus on early-stage blockchain ventures that are in the incubation stage, pre or post-product launch. Winners of these events will have the opportunity to fast-track into the BNB Chain MVB program, bypassing the usual screening processes and interviews.
BNB Chain aims to remove barriers to Web3 adoption through its ecosystem, which includes BNB Smart Chain (BSC), opBNB, and BNB Greenfield. Binance Labs, the venture capital arm of Binance, has a portfolio of 250 projects from over 25 countries and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies have gone through their incubation programs.
The BNB Incubation Alliance events are scheduled to take place across various locations, including Brussels, Nashville, Singapore, Dubai, and Bangkok. These events will feature keynote addresses, Q&A sessions, presentations, networking sessions, and a gala party for the winning projects.
The BNB Chain Core Development Team has expressed their commitment to supporting emerging talent in the blockchain space, while Binance Labs’ Head, Yi He, highlights the importance of incubating and nurturing the next generation of blockchain talent.
