Binance Labs launches incubator for crypto start-ups
Binance Labs has announced a new incubation programme to support early-stage teams to “help them jump start their best ideas”.
Binance Labs Incubation Programme is a ten-week on-site arrangement designed to help eight to ten firms to deliver a product or a service with a product/market fit held in San Francisco.
The programme provides half a million dollars of seed investment (10% equity), meant to allow start-ups to bootstrap as soon as possible.
It also helps by giving mentorship on the crypto and start-up space, as well as connecting the start-ups with other firms.
The firm announced earlier this year a $1 billion fund to back blockchain and crypto start-ups.
Recently, we reported that Binance signed a memorandum of understanding with Digital Jersey to operate out of Jersey.
In February, Binance had technical issues which forced it to shut all trading.
