BNB Chain has announced its collaboration with Binance’s venture capital division to establish an incubation alliance aimed at promoting early-stage Web3 projects.
On the 13th of X month, the blockchain network unveiled its new initiative developed in partnership with Binance Labs to support emerging blockchain enterprises. The BNB Incubation Alliance (BIA) will provide founders and developers with a 10-week accelerator program that includes grants and potential investments from BNB and chains from Binance Labs.
Start-up services will also be offered, including up to $3 million worth of free services, such as security and infrastructure support.
BNB Chain will select BIA participants through a series of global events. These events, held in collaboration with venture capital firms, incubators, and developer communities worldwide, aim to identify promising projects.
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The focus will be on early-stage blockchain enterprises, both pre-launch and post-launch. A panel of judges consisting of representatives from BNB Chain’s partners and co-organizers will evaluate the projects and award prizes to the winners.
