Technology company Solana Labs, which builds products and tools on the Solana blockchain, has launched its incubator program. The program will allow Solana Labs to build alongside other start-ups in order to advance the development of sustainable and impactful companies in Web3.
Solana’s incubator program is also designed to attract technical teams that wish to utilise the benefits of the Solana network while leveraging the knowledge, resources and connections provided by Solana Labs. The company also hopes to help alleviate the technical and market challenges that many Web3 founders encounter by supporting them on their journey.
The incubator program will also provide resources, practical engineering assistance, support for market entry, and fundraising guidance from Solana Labs. This encompasses feedback on user experience design, increasing brand visibility through Solana Labs’ marketing platforms, linking with the broader network of projects associated with the company and advice on incorporating the Solana blockchain.
Building new solutions
Emon Motamedi, product manager at Solana Labs says, “As with any business, Web3 start-ups need the time and resources to hone in on the needs of their customers and build new solutions that benefit their audience. Our priority with the Incubator program is to remove the biggest obstacles currently facing founders, including barriers around Web3 integrations and fundraising.
“So that these teams can spend their time on what they do best: solving the burning problems of their users. By providing founders with the resources they need to succeed, we hope to not only bring more sustainable businesses to the Solana ecosystem but to also help grow the Web3 industry as a whole,” Motamedi added.
Participants in the incubator program are expected to build connections with strategic partners both within and outside of the Solana ecosystem. This includes links to other projects built on Solana, potential customers, and potential enterprise-level collaborators. Also, the program is structured to give teams access to prominent venture capitalists in the Solana Labs network, assisting these start-ups in improving their financial stability.
Interested start-ups are encouraged to complete the application listed on the Solana Incubator website by the November 30th deadline. To learn more, visit the incubator website.
Isa Muhammad is a writer and video game journalist covering many aspects of entertainment media including the film industry. He's steadily writing his way to the sharp end of journalism and enjoys staying informed. If he's not reading, playing video games or catching up on his favourite TV series, then he's probably writing about them.
