IBM and Columbia University call for blockchain start-ups
IBM and Columbia University have unveiled two new accelerator programmes and are asking for start-ups to join for blockchain innovation.
As reported in July, the duo set up a centre devoted to research in blockchain technology and data transparency. The plan was to include an innovation accelerator to apply blockchain to address growing demands around data transparency, as well as incubate business ideas from entrepreneurial students, faculty and members of the start-up community.
In the latest chapter, David Post, MD, IBM Blockchain Accelerator, says: “The possibilities presented by blockchain technology are seemingly endless, and we are seeing strong dedication by technical talent to build game-changing applications.”
The accelerators at the Columbia-IBM Centre for Blockchain and Data Transparency will offer access to expertise and resources to help firms establish blockchain networks.
The programmes will each support ten start-ups. As part of each programme, participants will have access to design workshops from IBM, a network of business and technical support, connections to the Columbia research community and student talent pools, business value design assistance and access to IBM Cloud technology.
The IBM Blockchain Accelerator is designed for “later-stage growth companies”. This will take place over approximately eight weeks with a mixture of in-person modules in New York and San Francisco, in combination with virtual programming.
The Columbia Blockchain Launch Accelerator is designed for “pre-seed, idea-stage companies” with a Columbia or other recognised New York City-based University affiliation. This will take place on-site in New York City for approximately eight weeks, where founders will receive tools and training on how to build a blockchain start-up. This is the sixth accelerator programme hosted by Columbia that focuses on pre-seed founders.
Both programmes will give companies access to technology and services valued at approximately $400,000 per company.
Nominations for the IBM Blockchain Accelerator are now open – click here for details. Applications for launch will open in January 2019. IBM and Columbia say they do not take equity nor charge a fee for participating in either of these programmes.