BNB Chain announced a collaboration with Binance Labs to establish an incubation alliance aimed at promoting early-stage Web3 projects. On December 13th, the blockchain network unveiled its new initiative developed in partnership with Binance Labs to support emerging blockchain enterprises. The BNB Incubation Alliance (BIA) will offer a 10-week accelerator program for founders and developers:
1. Grants and Investments: Financial support will be provided by BNB and potential investments from Binance Labs.
2. Launch Services: Participants will receive up to $3 million worth of free services, including security and infrastructure support.
BNB Chain will select BIA participants through a series of global events. These events will be held worldwide in collaboration with venture capital firms, incubators, and developer communities to identify promising projects.
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The focus will be on early-stage blockchain enterprises, including pre-launch and post-launch projects. A panel of judges, composed of representatives from BNB Chain partners and co-organizers, will evaluate the projects and award prizes to the winners.
