BNB Chain, the world’s largest smart contract blockchain in terms of daily active users, is launching European Innovation Incubator, a three-week virtual program designed for innovative Web3 startups across Europe to build and scale dApps, driving towards a decentralized future. Applications begin on October 10, 2022.

The European Innovation Incubator will provide long-term support to startups by bringing the best Web3 resources and training to them through partners and community experts. The program will provide the teams with hands-on sessions and mentorship on technology, design, tokenomics, and go-to-market strategies from BNB Chain's specialists, as well as incubator partners. Exclusive offline meet-ups will be organized in Lisbon, Paris, London, Berlin, Barcelona, and Warsaw for projects, partners, and community members.

The winners will have the opportunity to win up to $50,000 in prizes as well as other ecosystem support such as complementary security auditing and token economics consultation from BNB Chain community and its partners. Winners also get a one-month 100% gas fee incentive, and a strong referral to BNB Chain's Most Valuable Builder (MVB), a long-running global accelerator program designed to support builders.

Zoe Wei, Senior Business Director at BNB Chain said: “We are determined to provide the finest infrastructure to enable European Web3 projects to grow and scale. To effectively build consumer-scale experiences, developers must consider accessibility and scalability – the ease of adoption and usage for both experienced web3 users and beginners. Our objective is to guide European builders in making early commitments to these fundamentals in order to grow large user bases in the long term. The program also provides concrete training and community support to help in bringing the most creative dApps to Web3 in Europe.”

Jump Crypto, Pyth Network, Keyrock, Skyland Ventures, Worldpay, 1Inch, CoinMarketCap, Trust Wallet, Pancake Swap, Salus Security, Nodereal, Polkastarter, MH Ventures, Hash Global, Binance Research, Binance Charity and Binance Labs are some of the prominent partners with strong regional presence that have joined the European Innovation Incubator to provide dedicated support to the builders. Partners like WorldPay and Binance Charity will be vital in helping startups looking to tackle social and fintech challenges such as financial inclusion and environmental risks.

"Crypto is a community, and we believe that knowledge sharing and collaboration fosters a stronger, more resilient, and more advanced crypto ecosystem overall. Jump Crypto is proud to join the European Innovation Incubator and we look forward to providing the next generation of visionary Web3 builders with the resources and support necessary to create the decentralized applications of tomorrow,”a Jump Crypto spokesperson said.

The incubation program is open for European projects that are considering to build or have deployed on BNB Chain. For local networking, at least one key team member of the project must be based in Europe.

Applications open from October 10 to October 23rd 2022, and the Incubation period is from November 21st to December 15th, 2022. Each city's accelerator will also host one offline event as a wrap-up party for the teams and the community.