The top five blockchain incubator programs are listed below:
1. Binance Labs Incubation Program
Binance is the largest cryptocurrency exchange in the world which manages billions of dollars worth of digital tokens regularly. Binance announced a 1 billion U.S dollars investment fund to support the blockchain incubator program and crypto startups. Binance’s new incubation program will take on around 8 to 10 companies per batch for a 10 week. Binance Labs will support with $500,000 to each program member in exchange for a 10 percent stake in the business.
Binanace Labs is excited to introduce a new incubation program to promote top early-stage startups or companies. The Binance Lab help startups with the best resources to kick-start their best ideas.
The Incubation Program offers:
- Seed Investment: The Binanace Lab provides $500,000 Seed Funding (10% of Equity); allowing startups to bootstrap as soon as possible.
- Mentorship: The incubation Program provides best mentors from both crypto and startup areas, who will encourage startups’ campaign.
- Network: It helps startups grow their network with notable founders visiting the incubation cell every week.
- Support Services: The program provides the best support, so startups can concentrate on building products or services.
The Binanace Labs support entrepreneurs in Funding, Go-to-market Strategy, Business Development, Token Models and Distributions, Technical Review and Talent Recruiting.
Founder: Changpeng Zhao
2. Xpring (Ripple)
Xpring (pronounced Spring) is a new enterprise by Ripple that will invest in startups, incubate, acquire and provide funds to companies and projects run by proven entrepreneurs.
Xpring’s goal is to create a robust community of entrepreneurs, developers and companies who believe that blockchains, and the XRP Ledger, in particular, will transform industries.
Xpring’s Area of Interest include the following:
- Interledger Protocol
- Asset Tokenization
- Decentralized Finance
Founder: Chris Larsen, Jed McCaleb
Headquarters: San Francisco, California, U.S.
3. Coinbase Ventures
Coinbase is one of the most established firms in the blockchain space thanks to its cryptocurrency exchange services which provide a fiat to crypto gateway in the U.S. and Europe.
Coinbase Ventures will be providing funding to promising early-stage companies that have the teams and ideas that can propel forward in a positive and meaningful way. Coinbase Ventures focuses on developing strong relationships and helping to encourage the development of the blockchain ecosystem.
Founders: Brian Armstrong, Fred Ehrsam
Headquarters: San Francisco, California, United States
4. Huobi Labs Incubator Program
Huobi is Asia’s largest cryptocurrency exchanges based in Singapore; the exchange manages hundreds of millions of value in global exchange volume.
In 2018, Huobi declared that they are launching their own Global Cultural and Creative Blockchain Lab which will invest 1 billion U.S dollars in blockchain based startups. Huobi Labs plans to build a blockchain research institute with more collaborations with some of the top global industrial companies along with the world’s top universities.
Founder: Leon Li
5. Blockchain Centre’s Blockchain Engine Program
Block Engine is a structured incubator program offered by Blockchain Centre. The program focuses on backing early-stage start-ups in the emerging area of blockchain technology.
The program offers 10 weeks of the structured program, with an intake of only 10 startups or companies. The centre conducts two workshops per week with industry experts. More than 50 mentors and coaches will guide and support the startups with their knowledge and skills.
The Blockchain Centre also conducts community events, to connect and support through connections with investors.
The center is Australia’s largest association of blockchain technology entrepreneurs, investors experts and mentors. It encourages and develops the startups in expanding their business, increasing their commercial viability and enhancing their competitiveness in domestic and international markets.
Headquarters: Melbourne, Australia
The blockchain incubator Programs helps and encourages early-stage startups with mentoring, investing, developing and launching them successfully in the market. The blockchain incubators program by these top firms has funded and mentored many startups.