Binance Labs has announced the opening of applications for Season 7 of its incubation program, aimed at early-stage founders developing Web3 applications on the blockchain.
The program, which has seen several successful seasons, most recently Season 6 began in December 2022 and concluded after a two-month incubation period, offers participants a range of training opportunities.
These include personalized mentorship with the Binance Labs Investment team and access to a variety of resources within the Binance ecosystem.
The application window for the Binance Labs Season 7 Incubation program will be open until April 15, 2024, at 11:59 PM UTC.
Project founders and companies that are interested are advised to apply while waiting for approval of projects that will be sent as a message to qualified candidates.
Binance Labs, the venture capital and incubation arm of Binance, plays a pivotal role in supporting and empowering blockchain entrepreneurs and startups to drive innovation within the decentralized web.
It identifies, invests in, and empowers blockchain entrepreneurs, startups, and communities by providing financing to industry projects that contribute to expanding the blockchain ecosystem.
The fund primarily targets pre-seed to seed stage investments in blockchain and cryptocurrency projects worldwide, aiming to support industry innovation and bolster the broader cryptocurrency ecosystem.
Through its Incubation Program, Binance Labs has successfully funded and nurtured innovative projects that have made significant contributions to the Web3 ecosystem. A few success stories include ventures like Bracket Labs, DappOS, Kryptoskatt, Mind Network, and zkPass.
In reflecting on the success of Season 6, Binance Labs revealed that the previous season garnered hundreds of applications, with a select 3% gaining admission to the program.
Notably, 12 project teams covering areas such as DeFi, infrastructure, and AI, were chosen, and 7 teams received investments from Binance Labs.
Through the Season 7 section, Binance Labs noted that it is interested in seeing projects that cut across Infrastructure, modular blockchains, DePIN, AI infra, Bitcoin infrastructure, Decentralized Finance, Bitcoin native DeFi, Liquid staking and restaking, and institutional DeFi.
Others are decentralized stablecoins, AI-powered dapps, on-chain games, game studios, Socialfi, and DeSci.
