Binance Labs

November 21, 2023 - Around 3 mins mins to read

What Is Binance Labs?

Binance Labs is a platform that supports sustainable blockchain entrepreneurs, companies, and communities. It provides funding to industry projects that contribute to the overall growth of the blockchain ecosystem.

The mission of Binance Labs is to assist technological teams that have a positive influence on the crypto sector and help create the decentralized web.

Every year, Binance Labs announces submissions for its Incubation Program. This program showcases the most innovative blockchain projects from around the world. The nominees propose creative ideas to boost crypto acceptance worldwide. These ideas can range from projects on the Binance Smart Chain and DeFi networks to trading infrastructure.

Binance Labs is a leading platform for blockchain startups and projects to find their product-market fit and gain a competitive advantage. It offers a diverse set of resources to support entrepreneurs.

Start-up Capital

Participants in the Binance incubator program receive seed financing, which serves as early capital and traction for entrepreneurs. This allows them to focus solely on developing their business. Accepted projects may be valued at up to $3 million.

Mentoring

Entrepreneurs receive assistance from the start to navigate and establish strong relationships within the Binance ecosystem. They are connected with business executives from Binance who have knowledge of a wide variety of products and aspects, ranging from tokenomics and blockchain architecture tech to startup operations.

A Large Network

Startups are exposed to Binance’s extensive network of industry professionals, enabling them to make valuable contacts that may aid them in their blockchain journey.

All-round Assistance

Entrepreneurs enrolled in the Binance Labs incubation program receive comprehensive assistance on all company matters and various aspects of their operations, such as product/service development, regulatory/legal guidance, hiring, technical execution, funding, marketing/PR, and more.

During the last two years of the Binance Labs Incubation Program, Binance has recognized high-potential blockchain innovators and teams worldwide. Leading investors and global funds have shown interest in the portfolio of companies enrolled in the Binance Incubation program, with many of them serving as mentors and advisors to the incubation participants.

Startups that have graduated from the program have made significant contributions to the Bitcoin ecosystem and the global acceptance of cryptocurrency through product releases and major financing rounds. Here are some success stories from the Binance incubation program:

Cere Network

Cere Network is a decentralized data and financial cloud platform for enterprises. It successfully concluded its Republic public token sale, securing full subscriptions and over $26 million in investment pledges in under 35 minutes.

Perpetual Protocol

Perpetual Protocol is the creator of a digitized liquidity pool that is generated algorithmically and allows markets with no makers to have liquidity. The PERP cryptocurrency has a market capitalization of $162 million.

The Marlin Protocol

The Marlin Protocol is a layer-0 open protocol that enables low-latency block multicast, mesh networks, and anonymity networks by providing a high-performance customizable network architecture. The POND coin has a market capitalization of $45 million.

To apply for the Binance Incubation 2021 program, please click here.

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