Binance Smart Chain Launches Program To Support Blockchain Startups

By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team
Published on September 21, 2021

Binance Smart Chain (BSC), one of the leading blockchain networks, has announced the launch of a mentor committee to support nascent blockchain projects.

The committee will be compromised by experts and representatives from leading organizations in the venture capital, asset management, and blockchain industries. These include representatives from Binance Labs, NGC, Hashkey, Multicoin Capital, Sky9 Capital, Chainlink Labs, Cream Finance, PSP Soteria Ventures (PSV), QCP Soteria Node (QSN), GSR, IOSG, Future Money Capital, Certik, Peckshield, Altonomy Ventures and Animoca Brands. Patrick Collins, Developer Advocate at Chainlink Labs, said about the company’s participation by stating:

“Builders are the lifeblood of this industry, and a little mentoring and education can make the difference to empower them to build a better, fairer, more decentralized world”

With this pool of mentors containing organizations in different niches of the blockchain industry, ranging from blockchain gaming to fintech, startups can expect their projects to grow with their assistance, no matter the area they are focusing on. Gwendolyn Regina, Director at BSC Accelerator Fund, referred to the potential the program has to incentivize innovation in the blockchain industry by stating:

“Nascent projects deserve support in terms of funding and mentoring to grow and scale. With development focused and technology driven initiatives, the BSC ecosystem is now an ocean of opportunities for developers and entrepreneurs to leverage. By providing acceleration, bug bounties and incubation opportunities, we’re setting a runway for BSC projects to take off,”

By participating in this program, blockchain startups will receive expert guidance, investment and growth opportunities, and development support to create their solutions and have them run on the Binance Smart Chain network. A total of 60 shortlisted projects are expected to be admitted to the incubation program, which will be running under the umbrella of the “Most Valuable Builder” program.

With blockchain becoming an increasingly popular technology across different industries, companies are racing to fund the best next startup. This demand has resulted in an increasing number of blockchain startups receiving funding to successfully develop and deploy their solutions, creating a fertile environment for entrepreneurs.

By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team

Juan Fajardo is a News Desk Editor at Grit Daily. He is a software developer, tech and blockchain enthusiast, and writer, areas in which he has contributed to several projects. A jack of all trades, he was born in Bogota, Colombia but currently lives in Argentina after having traveled extensively. Always with a new interest in mind and a passion for entrepreneurship, Juan is a news desk editor at Grit Daily where it covers everything related to the startup world.

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