Binance Labs, the venture capital and incubation arm of Binance, has opened applications for Season 7 of its incubation program. The Binance Labs Incubation Program is designed for founders of innovative Web3 projects in the early stages of development, and is designed to offer a personalized learning program, including 1:1 mentoring with the Binance Labs investment team and access to resources in the Binance ecosystem.
The deadline for submitting applications for participation in the 7th season of the Binance Labs incubation program is April 30, 2024 at 02:59 (Kyiv time). Apply here. Applications will be reviewed, founder interviews and selection decisions will be made on an ongoing basis, and selected projects will be officially notified by email.
Season 6 of the Binance Labs Incubation Program received hundreds of applications and only 3% were accepted into the program. 12 project teams were selected, spanning sectors such as DeFi, Infrastructure, and AI, and at the end of the season, Binance Labs invested in 7 project teams that stood out from the rest.
Designed to adapt to the changing needs of Web3 founders, the 2-month program is designed to learn the ins and outs of creating Web3 startups. Founders are encouraged to refine their concepts and engage in continuous iteration of their products throughout the program. In addition to 1:1 mentoring sessions, founders will have the opportunity to interact with industry leaders, including experts from Binance Labs and Binance Labs portfolio companies.
As part of the Binance Labs Incubation Program, a Request for Startups (RFS) has been announced in the following areas of interest:
Infrastructure
Modular blockchains: data availability, parallel processing and execution, re-staking infrastructure
DePIN: Decentralized Internet Services, Data Collection, Decentralized Manufacturing, Decentralized Computing, Energy Grid Optimization, Supply Chain and Delivery
AI infra: zkml, TEE solutions, AI-powered marketplaces, AI developer tools/workflows
Bitcoin infrastructure (L2, sidechains, inscription tools, decentralized indexers, etc.)
Decentralized Finance (DeFi)
Bitcoin-native DeFi
Liquidity staking and re-staking for emerging ecosystems
New DeFi products and applications: parametric insurance, figital products, derivatives and more
Institutional DeFi: Compliance Solutions, Privacy Solutions (zk/FHE)
Innovative decentralized stablecoins
Intent-based architectures
Application tier
AI-powered dApp
Fully online games
High-quality game studios
Socialfi that can really go viral
DeSci is a decentralized network that decentralizes science and knowledge
Top founders interested in participating in Season 7 of the Incubation Program can apply here until April 30, 2024. The two-month program will begin in early May after the formation of a new cohort of selected projects. Please note that we will announce the selection of projects on an ongoing basis, and that selection to the Binance Labs Incubation Program does not mean receiving investment from Binance Labs. Investment decisions will be announced separately.
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About Binance Labs
As the venture capital arm and accelerator of Binance, Binance Labs is now valued at over US$10 billion. Its portfolio covers 250 projects from more than 25 countries on 6 continents and has more than 14 times ROI. Fifty Binance Labs portfolio companies are projects that have passed through our incubation programs. For more information, subscribe to Binance Labs at X.
Disclaimer: The information contained in this article is for informational purposes only and does not constitute investment advice, endorsement, analysis or recommendation of financial instruments, investments or issuers. This article may contain forward-looking statements that are inherently subject to risks and uncertainties. Investments in cryptocurrency and DeFi projects are associated with significant risk, in particular, the risk of complete loss of assets. This article does not take into account the investment objectives, financial situation or specific needs of any particular individual, and each user is advised to consult their own legal and financial advisors before making any investment decisions.
