summary: Binance Labs is a social impact fund established by Binance. It is an initiative to invest, incubate, and resource blockchain...
content: Binance Labs is a social impact fund established by Binance. It is an initiative to invest, incubate, and resource blockchain and cryptocurrency projects, entrepreneurs, and communities. Overview Binance Labs run the Incubation Program, a chain-agnostic program that aims to empower innovative projects to shape the future of Web3. As Binance’s venture capital and incubation arm, Binance Labs created the program to meet founder needs, using extensive resources across the entire Binance ecosystem and crypto industry. The Binance Labs Incubation Program is an 8-week curriculum designed for top-tier founders. Their investment focus includes: Public Blockchains Decentralized Exchanges (DEX) Wallets & Payments Stablecoins ATS/ Security Token Platforms Decentralized applications (dApps) Binance Labs provide an incubation program to support the best early-stage projects. The program provides a ten-week, on-site service intended to help teams deliver products or services with a market fit. They provide $500,000 in seed funding (10% equity), mentorship, networking, and support service. Projects that worked with Binance Labs include Coin98, Elrond, Kava, Moonbeam Network, Chiliz, Polygon, and more. 