Binance’s Venture arm in charge of innovations and new technology in the web3 space, Binance Labs, has announced a partnership with its counterpart in the Binance Ecosystem, the BNB Chain, to launch the next season of the MVB Accelerator Program.
The new season, tagged “Fit for flight,” is the sixth installment by Binance’s blockchain. It is aimed at helping projects being built on the BNB chain progress towards a successful launch or continued growth in the blockchain; a growth geared towards the achievement of their set targets and daily ambitions. This season, the areas of industry cover blockchain infrastructure, middleware, DeFi, GameFi, SocialFi, Metaverse, and more.
According to the announcement, it will offer funding opportunities, hands-on workshops with experts in the web3 industry, networking sessions with leading market makers, as well as direct communication access to both the BNB Chain and Binance Labs teams. The program would also cover weekly masterclasses and discussions that would cover various different topics that would range from infrastructure scaling, Web3 data tooling, product design, tokenomics to business development and fundraising.
Alvin Kan, Ecosystem Director at BNB Chain, speaking about the start of the new season of the accelerator program, said the purpose behind the program was to help upcoming developers and entrepreneurs to build “a decentralized, secure, and composable internet.” Recalling the feats from past seasons, he emphasized that the accelerator program has “drawn a diverse range of developers from key areas such as infrastructure, DeFi, GameFi, SocialFi, Metaverse, NFTs, and sustainable tech.” and to him, this has “fueled innovation” in the web3 space. Also pointed out that the program provides “integrated support” for financing, go-to-market, security, and performance.
At the end of the program, selected projects will be invited to an exclusive closed-door demo day with venture capitalists and Binance Labs limited partners for potential additional rounds of funding.
Binance Labs contributes to the accelerator program in a huge way. Being the venture arm of Binance, the Innovation giant supports the full startup lifecycle, from early-stage incubation to late-stage venture capital investment.
This contribution was emphasized by Tyler Z., Investment Director at Binance Labs. To him, the programs help Binance Labs in achieving its goal of “growing the wider blockchain industry” by “empowering entrepreneurs, startups, and communities, through social engagement, technical support, and investment.” The director hailed the program as a place where the “ best and the brightest projects building on the BNB Chai” will form a cohort to learn, improve, and grow together in developing the next generation of innovations for Web3.
Since 2018, Binance Labs has invested in more than 200 projects from over 25 countries. It has also incubated about 50 projects that are Web3 native, including Polygon, Perpetual Protocol, Dune Analytics, and more. Binance Labs is always on the lookout for the next big Web3 innovation.
Past finalists of MVB include Space ID, Overeality, Multichain Event Protocol (MEP), Meta Apes, Velvet.Capital, Web3Go, and Gameta.
This season’s partners include PancakeSwap, CoinMarketCap, Trust Ｗallet, Biswap, Salus, Binance Oracle, and NodeReal.
How to Apply to MVB VI: Fit for Flight
All applications are expected to go through a rigorous process where only qualified candidates will be reached out to and will be eligible to get access to the program. Applying for the new season of the MVB Accelerator program only takes a few minutes and can be done by simply filling out the form.
You can begin your application here
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