Binance Turkey met with entrepreneurs for the first time at the event held in Ankara Technopark.
Many topics were covered at the event, from the crypto ecosystem to Web3. Participants were informed about Binance's startup support program, Binance Labs. Binance Labs Investment Manager Alex Odagiu attended the meeting online and gave information about Binance Labs' projects.
Odagiu said, “We are not content with providing financial support to established businesses and projects. We also focus on incubating early stage projects. We provide comprehensive support from the creation of projects to technical implementation, from fundraising to more.”
Binance Turkey met with entrepreneurs at the event held in Ankara Technopark and provided information on many topics such as technology, crypto, Web3 and entrepreneurship. At the event, participants were informed about Binance's venture support program, Binance Labs. It was stated that Binance Labs has supported more than 200 projects in 25 countries on 5 continents in the last 3 years.
Binance Labs Investment Manager Alex Odagiu, who attended the event online, gave detailed information about Binance Labs and the projects in Turkey. Odagiu said, “Turkey is one of the most active countries in the field of crypto and blockchain. It has a growing number of university clubs, Web3 startups, and blockchain developers, along with a significant crypto adopter base. Turkey has already proven itself as a powerhouse for Web2 industries such as game development. We believe we will see similar determination in Web3.”
“We offer more than financial support to projects”
Talking about the future plans of Binance Labs about the projects in Turkey, Odagiu talked about the support given by Binance Labs to the projects; “Binance Labs sees the potential of Web3 to create new opportunities for startups and investors alike, including Turkey.
We are not content with providing financial support to established businesses/projects. We also focus on incubating early-stage projects and plan to provide comprehensive support to global founders and projects from inception to technical implementation, fundraising and more; so that they can emerge stronger from the recession in the market and grow.”
Binance Labs focuses on investments in the Web3 space
Emphasizing the importance of Binance Labs for the ecosystem, Odagiu emphasized that they have adopted a 3-stage approach in their investments; “Binance Labs is Binance's venture capital arm and incubator focused on the Web3 space covering early stage, growth stage and mature stage investments.
It is also an incubator for high potential early stage projects. We make long-term investments and adopt a 3-step approach to increase mass adoption in our investments. These; 1) Infrastructure as the core layer, L0, L1, ZK techniques, 2) User engagement tools such as smart contract wallets, data and security tools 3) Focus on application layers that serve as use cases for the end user, such as Web3 games, dApps, DeFi” said.
