BNB Chain, the blockchain of cryptocurrency exchange Binance, announced on Oct. 10 the acceptance of applications for its latest development-focused initiative: the web3 European Innovation Incubator Program, which aims to improve the construction and scaling of European developers. decentralized applications (DApps) on the BNB blockchain.

The Innovation Incubators Program will provide long-term support to web3 startups in Europe by offering excellent web3 resources as well as training through renowned partners and community professionals.

“We are determined to provide the best infrastructure to enable European Web3 projects to grow and scale,” said Zoe Wei, Senior Business Director at BNB Chain.

Zoe added: “Our goal is to guide European builders to commit early to these fundamentals to grow a large user base in the long term.”

The European Innovation Incubator is a deliberate three-week virtual program for innovative web3 startups across Europe to build and scale dApps, moving towards a decentralized future.

Those accepted into the program will receive hands-on sessions and mentorship on technology, marketing strategies, and tokenomics from BNB Chain’s incubator specialists and partners.

Winners can get a 100% gas rate incentive for one month and a guaranteed referral to the Most Valuable Builder (MVB) from BNB Chain, a long-running global accelerator program created for the purpose of supporting builders.

In addition, the program consists of exclusive meetings scheduled offline. The meetings will take place in countries across the continent, such as Lisbon, Paris, London, Barcelona, ​​Warsaw and Berlin.

As of October 10, applications have been opened for the program and it is said to end on October 23, 2022. The incubation period is scheduled from November 21 to December 11, 2022.

18 organizations including Pancake Swap, CoinMarketCap and Binance Labs are involved in the program. Each of them must be present in the region for the incubator to support the developers.

Speaking of BNB Chain, the smart contract platform collaborated with Google Clouds last month to enable decentralized applications and smart contracts hosted on the protocol to access the cloud service provider’s infrastructures. Additionally, BNB Chain partnered with the University of Zurich in June to boost Blockchain education.

While this may sound like a huge partnership for a company in a year, it shouldn’t be surprising, especially since Binance has an additional $7 billion in fund specifically to invest in deals, and even Chang Peng ZhaoBinance CEO, has estimated that the firm may spend more than $1 billion on deals by the end of this year.

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