Applications are open now until March 15 for the second batch of incubated startups to be held Summer 2018 on campus with the MIT Game Lab, with focus on Blockchain/Bitcoin and eSports Technology, with investment option in Bitcoin

Cambridge, MA and Mountain View, CA — January 24, 2018 — Play Labs, LLC and the MIT Game Lab, announced that applications are now open for the second batch of startups within the playful technology accelerator, which will run from June through August 2018 on campus at MIT in Cambridge, Massachusetts. Startups that are accepted into Play Labs will each receive an initial investment of $20,000 in either cash or Bitcoin in return for common stock. Startups that graduate from the program and meet certain criteria will be eligible for up to $80,000 in additional funding from the Play Labs Fund and its investment partners.

Deadlines for applications are due March 15, 2018, after which time, finalists will be selected, and a subset of those finalists will be given offers to participate in the program. Applications are open to both MIT-affiliated startups, and startups with no MIT affiliation that wish to come to MIT for the summer to participate.

Play Labs provides mentoring, facilities, and funding for early stage startups that utilize “playful technology.” The areas of technology for this second batch of incubated startups include: