On October 26, Solana Labs unveiled a brand-new incubator program for developers offering fundraising support for projects on the Solana blockchain.
The “Solana Incubator” program will provide fundraising, development, networking, and marketing assistance to web and blockchain initiatives that wish to build on Solana’s platform.
The Solana Incubator will accept submissions until November 30. Accepted applicants will reportedly receive assistance from the Solana Labs team and its collaborators throughout their projects’ development, marketing, and launch phases.
According to Solana Labs Product Manager Emon Motamedi:
“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’s remarks are contained in a press release dated October 26. In addition, the article states, “the program is designed to expose teams to top VCs in the Solana Labs network to help these startups increase their liquidity.”
In related news, the largest decentralized finance (DeFi) protocol on the Solana blockchain, Marinade Finance, now prohibits new signups from British users.
According to reports, a message greeting U.K. users on the Marinade Finance website explains that the user restriction results from “compliance concerns related to rules and regulations promulgated by the U.K. Financial Conduct Authority.”
The Financial Conduct Authority of the United Kingdom announced on September 9 that new regulations affecting crypto asset firms would go into effect on October 8, with a compliance deadline of January 8. Numerous retailers have already withdrawn goods and services from the British market.
