Key Points
- BNB Chain and Binance Labs announce the launch of BNB Incubation Alliance (BIA).
- The main target is to foster blockchain and Web3 innovation.
According to a new announcement, BNB Chain and Binance Labs reveal the launch of BNB Incubation Alliance (BIA).
The incubator aims to support and expedite the growth of early-stage blockchain projects via a series of global events. This is a collective endeavor alongside important venture capitalists, incubators, and strong developer communities.
The collaboration’s target is to fast-track the Web3 journey.
Most Valuable Builder (MVB) Program
According to the official notes, a significant highlight is the opportunity to win projects to be fast-tracked into the prestigious Most Valuable Builder (MVB) program, receive BNB Chain grants, access Launch-as-a-Service package, and Binance Labs investment opportunities.
The initiative offers access to important resources and strategic partnerships that are important for growth and innovation in the BNB Chain ecosystem.
BNB Incubation Alliance: how it works
BNB Incubation Alliance will collaborate with partners to host offline events globally which will focus on early-stage projects selected by the co-hosts including BNB Chain, Binance Labs, important VCs, and incubators.
The Selection criteria will involve projects that are in the incubation stage, with specific metrics to define early stages (pre-product launch, or shortly after launch, capped by team size or historical fundraising valuation).
The participating projects will be selected by the BNB Incubation Alliance and they must be as early-stage as possible.
A panel of judges from the co-hosts and co-organizers will score the projects to select winners:
- 1st Award: direct admission to MVB, LaaS package, and potential Binance Labs investment opportunities and BNB Chain grants.
- 2nd Award: priority consideration for MVB admission, BNB Chain grants, and Laas Package.
- 3rd Award: priority consideration for MVB admission and LaaS package.
The first event from the series is EthCC 2024 in July in Brussels, Belgium with more events in the USA, Singapore, UAE, and Thailand with upcoming dates to be confirmed.
Proposed agenda
The agenda for the BNB Incubation Alliance events will include speeches, keynote addresses, and panel discussions with important figures from BNB Chain, Binance Labs, and more industry leaders.
There will also be Q&A sessions, along with presentation and demo days where the nominated projects will showcase the ideas and solutions, together with networking opportunities.
Top reasons to join the BNB Incubation Alliance
By joining the BNB Incubation Alliance, the participants can enjoy the following benefits:
- getting the opportunity to receive potential investment from Binance Labs and BNB grants
- the possibility of being fast-tracked into the BNB Chain MVB program
The MVB program delivers various benefits for Web3 builders:
- access to strategic partnerships
- collaboration with industry leaders
- advisory support and resources
- Launch-as-a-Service free support program by BNB Chain
The BNB Incubation Alliance aims to advance early-stage blockchain innovation, paving the way to the future of Web3.
Recently, Binance’s CEO, Richard Teng, addressed the exchange’s latest achievement of reaching 200 million users and how this success mirrors the meteoric rise of Web3 and mainstream adoption of crypto and blockchain tech.
