Binance Labs & BNB Chain Open New Founder-focused Track to Incubate 100 Early-stage Projects

DUBAI, UAE, November 24th, 2023, Chainwire

Binance Labs, in partnership with BNB Chain and CMC Labs, has introduced a new Founder Track to the Most Valuable Builder (MVB) Accelerator Program. MVB, now in its 7th season, is an accelerator program jointly organized by Binance Labs and BNB Chain. The program was launched in 2021 with a focus on supporting builders and growing the BNB Chain ecosystem. This season, the organizers are welcoming CMC Labs to the MVB program as a strategic partner.

The MVB program now consists of two tracks. The newly added Founder Track functions as a venture studio dedicated to incubating 100 innovative ideas that address real-world needs. This track sees projects receive backing from Binance Labs and support in deploying their ventures on BNB Chain. Since the program’s inception, the Startup Track has been integral in providing tailored support to early-stage startups. It provides a customized curriculum to assist Web3 startups on their journey toward long-term growth. Both the Founder Track and Startup Track run concurrently.

The venture capital and incubation arm of Binance, Binance Labs recognizes that some of its most impactful ventures have resulted from in-depth, early-stage collaborations with entrepreneurial founders and builder teams. Early-stage incubations and investments have included Celestia, Injective Labs, Polygon, and SafePal. The Founder Track seeks to identify builders who are interested in working on ideas that address real-world needs together with mentors from Binance Labs and BNB Chain.

Establishing synergy between Binance Labs and BNB Chain, the Founder Track aims to replicate this kind of impact and unlock the full potential of BNB Chain. The track invites founders to propose business ideas or collaborate on existing initiatives with the Binance Labs investment team and BNB Chain contributors. The goal is to empower builders who aspire to succeed as founders, and support them in creating something transformative on BNB Chain and beyond.

The Founder Track aims to support the strongest builders and is open to taking on up to 100 innovative collaborations throughout its duration across the MVB seasons. This season the areas of focus include: SocialFi, on-chain games, intent-centric dApps, digital identity and reputation, AI-powered dApps, massive yield-bearing assets (LSD, restaking and…