BNB Chain Launches ‘BNB Incubation Alliance’ with Binance Labs to Support Web3 Projects

BNB Chain has partnered with Binance Labs to launch the BNB Incubation Alliance (BIA) to support early-stage Web3 projects, fostering innovation and growth on BNB Chain. Announced on June 13, the BIA program is designed to provide resources, mentorship, and funding opportunities for emerging blockchain projects.

The BNB Incubation Alliance includes a 10-week accelerator program tailored for builders, founders, and developers. Participants will receive BNB Chain awards and funding from Binance Labs. Moreover, they will have access to BNB Chain’s Launch-as-a-Service (LaaS) program, which offers $300,000 in complimentary services for security and infrastructure features. 

The BNB Incubation Alliance will collaborate with partners to host events worldwide, focusing on early-stage projects. Several global events will be held where projects can showcase their ideas and solutions as part of the alliance.

Fast-Tracking Web3 Development

The BIA’s main objective is to accelerate the Web3 journey for participating projects. By providing direct admission to the BNB Chain Most Valuable Builder (MVB) program, participants could gain valuable support and resources. 

The MVB program, hosted jointly by BNB Chain, Binance Labs, and CMC Labs, offers strategic partnerships, close collaboration with industry leaders, and advisory support. 

According to BNB Chain, a key feature of the MVB program is that it attracts high-quality strategic partners and provides close collaboration with Binance Labs investment team and BNB Chain core contributors.

The comprehensive LaaS package would reportedly enhance project success by offering infrastructure, security, and business growth services.

Selection Criteria and Awards

Projects participating in the BNB Incubation Alliance events are selected based on specific early-stage criteria, such as pre-product launch or shortly after launch. 

A panel of judges from co-hosts and co-organizers will score the projects to determine winners. Awards include direct admission to the MVB program, LaaS package, potential Binance Labs investment opportunities, and BNB Chain grants. The first award offers the most extensive support, while second and third awards provide priority consideration for MVB admission and other benefits.

Event Schedule and Agenda

The initial series of events will take place as follows, with exact dates to be confirmed:

• EthCC 2024 in Brussels, Belgium (July)

• Bitcoin 2024 in Nashville, USA

• Token 2049 in Singapore

• Binance Blockchain Week in Dubai, UAE

• DevCon and EthGlobal in Bangkok, Thailand

These events include welcome speeches, keynote addresses, and panel discussions featuring key figures from BNB Chain and Binance Labs. Participants will engage in project preparation and Q&A sessions, followed by presentation and demo days where nominated projects will showcase their ideas. 

The events will also offer networking opportunities with Binance Labs, VCs, and incubators, culminating in a celebratory gala party where top projects will be awarded prizes.