Binance Labs Opens Season 7 Incubation Program To Applications

Binance Labs, the venture capital and incubation arm of Binance, has opened applications for Season 7 of its incubation program. The Binance Labs Incubation program is for early-stage founders building innovative Web3 projects and is designed to offer a tailored curriculum including 1:1 mentorship with the Binance Labs Investment team and access to resources across the Binance ecosystem. 

The deadline to apply for the Binance Labs Season 7 Incubation program is April 30, 2024, at 11:59 PM UTC +0. Apply here. The application review, founder interviews and admission decisions will be conducted on a rolling basis, and admitted projects will be officially notified via email. 

Season 6 of the Binance Labs Incubation Program received hundreds of applications, with 3% being admitted to the program. 12 project teams spanning across DeFi, infrastructure and AI were selected and 7 standout project teams were invested in by Binance Labs at the end of the season. 

Crafted to adapt to the evolving needs of Web3 founders, the 2-month program is designed to hone in on the intricacies of building Web3 startups. Founders are encouraged to fine-tune their concepts and engage in continuously iterating their products throughout the program. In addition to the 1-1 mentoring sessions, founders will have access to fireside chats with industry leaders, including experts from Binance Labs and Binance Labs portfolio companies. 

Through the Incubation program, Binance Labs is making a Request for Startups (RFS) in the following areas of interest:

Infrastructure:

• Modular blockchains: data availability, parallel processing and execution, restaking infrastructure

• DePIN: decentralized internet services, data collection, decentralized manufacturing, decentralized compute, energy grid optimization, supply chain and delivery

• AI infra: zkml, TEE solutions, AI marketplaces, AI Dev tooling/workflow 

• Bitcoin infrastructure (L2s, side-chains, inscription tooling, decentralized indexers etc) 

Decentralized Finance (DeFi):

• Bitcoin native DeFi

• Liquid staking and restaking for emerging ecosystems 

• Novel DeFi products and applications: parametric insurance, phygitals, derivatives etc

• Institutional DeFi: compliance solutions, privacy solutions (zk/FHE)

• Innovative decentralized stablecoins

• Intent-based architectures

Application layer:

• AI-powered dapps

• Fully on chain games 

• High quality game studios

• Socialfi which can really go viral 

• DeSci - decentralize network that decentralize science and knowledge

For top-tier founders interested in being part Season 7 of the Incubation Program, please apply here by April 30, 2024. The 2-month program will start in early May after the new cohort of admitted projects is formed. Please note that we will announce admitted projects on a rolling basis, and that getting admitted into Labs Incubation does not equate to getting invested by Binance Labs. Investment decisions will be announced separately. 

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About Binance Labs

As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

Disclaimer: The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.