Binance and BNB Chain have joined forces to launch the BNB Incubation Alliance (BIA), a collaborative venture aimed at nurturing early-stage blockchain projects and accelerating their growth.

The BIA, launched on June 13, is designed to fast-track the Web3 journey for emerging blockchain projects. The alliance offers a range of benefits, including direct admission to the BNB Chain Most Valuable Builder (MVB) program, BNB Chain grants, and Binance Labs investment opportunities.

The package also includes access to the Launch-as-a-Service (LaaS) package, a comprehensive service for launching decentralized applications (dApps). LaaS provides infrastructure, security, treasury management, business growth, and marketing support, helping projects thrive.

The BIA is a strategic alliance that sees collaboration with partners to host events worldwide, funneling projects to incubate. "BNB Incubation Alliance reaffirms Binance Lab’s commitment to incubating and nurturing the next generation of blockchain talent, serving as a launchpad for Web3 projects," stated Yi He, head of Binance Labs.

The selection criteria for the BIA include being in the incubation stage and being as early-stage as possible. Interested participants can register through the application process. A panel of judges will award points to projects, with the winners receiving various awards, including direct admission to MVB, LaaS package, possible Binance Labs investment opportunities, and BNB Chain grants.