IBM and Colombia University have both launched accelerator programmes to help grow start-ups and ideas into sustainable blockchain businesses. They will form a part of the Columbia-IBM Center for Blockchain and Data Transparency, which launched in July.
Each of the programmes will support ten start-ups and will offer them access to technical support, IBM’s design workshops and cloud technology, expanded business networks and Colombia’s research communities and student talent pool.
Although the programmes will share those aspects, they will have a different emphasis. The IBM Blockchain Accelerator will focus on later-stage companies, and their support will concentrate on helping founders form business networks and a client base. This will take place over eight weeks, and founders will be invited to some in-person modules in New York and San Francisco.
On the other hand, the Columbia Blockchain Launch Accelerator is designed for pre-seed or idea stage start-ups which have a Columbia or other recognized New York City-based University affiliation. For eight weeks, founders will receive training on how to build blockchain start-ups and basic business skills.
“Columbia University has successfully launched several technology accelerators in New York City, but this our first in partnership with a corporation that is a clear industry leader in the field,” said Satish Rao, Executive Director, Columbia Blockchain Launch Accelerator. “Early- and late-stage teams will undoubtedly benefit from IBM’s technology resources, expertise and established network coupled with Columbia’s ground-breaking research and talent in blockchain and data transparency, all while benefiting from rapidly growing NYC blockchain communities.”
“The possibilities presented by blockchain technology are seemingly endless, and 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 to help give these early- and mid-stage founders a way to build enterprise-grade networks that can move blockchain innovation forward,” added David Post, Managing Director, IBM Blockchain Accelerator.