Binance Labs, the venture arm of Binance, graduated our first batch of blockchain projects from the Binance Labs Incubation Program. The 10-week program culminated in an invite-only BUIDLers Day, where each of the eight teams pitched to more than 150 of Silicon Valley’s top investors.
The Binance Labs Incubation Program is an onsite program designed to help entrepreneurs deliver products with clear product-market fit. Since its launch in October 2018, the Binance Labs incubator has grown into the strongest network of early-stage blockchain developer teams.
More than 500 projects applied for Season 1 of the Incubation Program within the span of four weeks. Following an intensive review process which required consensus among all members of the Binance Labs team, eight projects were selected, each of which received $500,000 in seed funding and direct access to a vast range of resources, industry leaders and mentors through the Binance Labs network.
Over the course of the San Francisco program, seven of the eight projects have shipped working products and brought users on board, and three of those teams have signed on paying customers. All projects will have the opportunity to pitch onstage at the Binance Conference, held January 21-22, 2019 in Singapore, as part of the Binance Blockchain Week.
The eight projects who have been building in stealth and launched at BUIDLers Day:
Akio Labs: The easiest way to get insights from blockchain data.
Deaux: Teespring for prediction markets. Allows anyone in the world to spin up a prediction market for their own target audience.
Decore: Gusto for crypto native companies. Provides a full-stack software suite to make it super easy to run crypto native companies.
Injective: The New Standard for Decentralized Exchange. Eliminates front-running and allows for trustless liquidity sharing.
Nym: Building a secure, private future for the internet.
Path: Plaid for Crypto. A powerful set of API interfaces into the disparate data sources of the crypto ecosystem.
SafePal: The easiest & most affordable hardware wallet.
Torus: Frictionless logins for Dapps.
For more information on each project, click here.
On BUIDLers Day, Binance Labs also announced plans to host its next incubation program across five continents, in Berlin, Buenos Aires, Hong Kong, Lagos, San Francisco and Singapore.
Season 2 of the incubation program will begin in March 2019 and run for 10 weeks in total. Project teams will spend seven weeks in each of their regional locations, before gathering in Singapore for the last three weeks. For more information on the Binance Labs Incubation Program and how to apply, visit https://www.binancelabs.co.
Binance Labs is the venture arm of Binance and an initiative to incubate, invest, and empower blockchain and cryptocurrency entrepreneurs, projects, and communities. The mission of Binance Labs is to solve the problems that matter most to the ecosystem and change the world for the better. For more information, visit: https://labs.binance.com