IBM and Columbia University have joined forces all in an effort of accelerating blockchain innovation and adoption. The two intellectual heavyweights have since launched two blockchain accelerator programs. These programs target startups looking to provide a home for innovation.
IBM-Columbia University Blockchain Partnership
The two accelerator programs are part of Columbia-IBM Center for Blockchain and Data Transparency. The innovation center came into being this summer as the two intend to spearhead blockchain innovation. Similarly, the latest accelerator program seeks to support as many as ten startups.
At the onset, the focus will be on offering startups a network of business mentors that they can turn to, for advice. Similarly, IBM and Columbia University will provide technical support essential for blockchain project development. Likewise, the startups will also gain access to Columbia’s University student talent and research community. The startups will further be granted access to IBM cloud technology resources.
The goal of the accelerator programs is to help startups come up with sustainable and scalable businesses, focused on blockchain innovations. For those already working on such solutions, the resource center should help them achieve scale.
“The possibilities presented by blockchain technology are seemingly endless. We are seeing strong dedication by technical talent to build game-changing applications. What is also needed to truly bring about this sea change is the right technology and expertise which is why IBM is working with Columbia,” said David Post, Managing Director, and IBM Blockchain Accelerator.
Blockchain Accelerator Programs
One of the accelerator programs is IBM Blockchain Accelerator, targeting late-stage growth companies. The accelerator program targets companies looking to build out an enterprise business network and client base on top of blockchain application.
The program will run for eight weeks featuring a mixture of in-person modules in New York and San Francisco. Similarly, there will be virtual programming as a way of ensuring the founders can attend while devoting time and energy to their businesses.
The Columbia Blockchain Launch Accelerator is the second program that will target pre-seed idea stage companies. Unlike the previous accelerator program, this one will take place on-site in New York City. While running for eight weeks, participants will receive the necessary tools and training for building blockchain startups.
Columbia University has run numerous technology accelerator programs. However, this is the first time it has partnered a tech giant. Columbia Blockchain Launch Accelerator Director, Satish Rao, expects early and late stage teams to benefit a great deal. In total, the two accelerator programs will grant the team access to technology and services valued at about $400K per company.
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