On October 26, Solana Labs launched a brand-new incubator program titled “Solana Incubator” aimed at supporting project development within the Solana blockchain ecosystem. This program provides comprehensive assistance, including fundraising, development, networking, and marketing support, for both web and blockchain projects seeking to establish a presence on the Solana platform.
The Solana Incubator is open for applications until November 30, and the selected projects will reportedly receive guidance and support from the Solana Labs team and its partners throughout the various stages of project development, marketing, and launch.
Emon Motamedi, Product Manager at Solana Labs, explained the program’s goals, saying, “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 focus 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 also help grow the Web3 industry as a whole.”
Motamedi’s remarks were shared in a press release on October 26. Additionally, the program is designed to expose participating teams to top venture capitalists within the Solana Labs network, facilitating enhanced liquidity for these startups.
In a related development, Marinade Finance, the largest decentralized finance (DeFi) protocol operating on the Solana blockchain, has started blocking new user registrations from the United Kingdom. This decision is attributed to compliance concerns arising from regulatory changes initiated by the U.K. Financial Conduct Authority. The U.K. regulatory body announced on September 9 that new rules affecting crypto asset firms would become effective on October 8, with a compliance deadline of January 8. This has prompted various companies to withdraw their products and services from the U.K. market.
