On August 22, Binance Labs introduced its new incubation program to support top early-stage teams to help them jump start their ideas. In short, Binance Labs Incubation Program is a 10-Week On-Site program designed to help top early-stage teams to deliver a product/service with a Product/Market fit.
Incubation Program provides:
- Seed Investment: It provides $500K Seed Funding (10% Equity). This allows startups to bootstrap as soon as possible.
- Mentorship: Best Binance Labs’ mentors from both crypto and startup scenes will support startups’ journey.
- Network: Program will help startups grow their network with notable founders coming every week.
- Support Services: Binance Labs will provide the best resources so startups can focus on building products/services.
Then, on August 20, the exchange announced Binance Academy Community Content Drive, the competition in which users should choose one topic from the list of topics and create a video. Then users should submit their video through the content submission form and share it on Twitter.
At the end of the competition period, users that have their video chosen to be displayed on Binance Academy will receive 50 BNB. The competition started on August 20 and will end on September 20.