IBM and Columbia University have announced two new Blockchain accelerator programs that are aiming to help enterprises and startups in the space.
Both programs form part of the Columbia-IBM Center for Blockchain and Data Transparency, a joint innovation center that was established by the tech giant and U.S. ivy league school this summer.
Each program will support 10 Startups by offering them networking with business mentors, technical support, access to Columbia’s student talent, and IBM cloud technology resources.
The stated aim is to help network creators translate ideas into “sustainable and scalable” blockchain enterprises, which will in turn spur “meaningful enterprise blockchain adoption and drive business efficiencies across industries.”
The eight-week Columbia Blockchain Launch Accelerator, set to take place in New York City, has been designed for pre-seed “idea-stage” companies that are affiliated with either Columbia or another NYC-based school, as the release outlines.
The second eight-week program, dubbed IBM Blockchain Accelerator, is targeted at later-stage companies globally, and will aim to help participants establish a business network and client base for their blockchain application. It will be partially run in-person in New York and San Francisco, and partly “in combination with virtual programming” to give participants more free time to devote to their business scaling efforts.
Each participant Startup will be provided with access to $400,000 worth of services and technology. Neither program will be charging any fees or taking equity for the same.