IBM, Columbia team up for blockchain endless possibilities

IBM, Columbia team up for blockchain endless possibilities

New York-based technology company IBM and Columbia University have launched two technology accelerators focused on Blockchain startups. Both companies are making this move as they are confident about the endless opportunities that this technology presents.

Both accelerators will work together but with a different focus. Columbia Blockchain Accelerator will be working with early-stage startups that are in pre-seed or idea stages. On the other hand, the IBM venture will be working with companies that want to build out business networks and client bases.

“As key components of the Columbia-IBM Center for Blockchain and Data Transparency, the accelerators will offer entrepreneurs and blockchain network founders around the world access to the expertise and resources they need to establish blockchain networks,” the press release says.

Each program will support ten startups that are building blockchain businesses and developing enterprise networks focused on this technology. “As part of each program, participants will explore best practices for building a blockchain network with technical, academic and business mentors from IBM and Columbia.”

David Post, Managing Director of the IBM Blockchain Accelerator, commented that “the possibilities presented by blockchain technology are seemingly endless, and we are seeing strong dedication by technical talent to build game-changing applications.”

The goal of the program is to help early-stage and developed startups to reach their dreams into sustainable and scalable companies that offer Blockchain solutions.

Launch and Network assistance for Blockchain startups

The Launch Accelerator program will open the application process in January 2019. Launch is a pre-seed accelerator for people to explore their blockchain concept and turn them into reality. The program is open to founders from any NYC-based University.

The Network program, on the other hand, works by nomination and invitation only. The website says that “companies interested in applying should request nominations from investors, customers or IBM representatives.”

The participation in the Launch and Network programs does not have any cost neither it requires dilution of equity. The nomination period goes from November 12 to December 7. So hurry up!

Blockchain accelerators, technology for the future

IBM and Columbia University are joining the list of new Blockchain incubators and accelerators. Initiatives such as the Blockchain Business Solution Accelerator by H-Farm, the Waves Lab, that provides support for pre-ICO projects, Thomson Reuters Labs Incubator, the NEM Foundation for Blockchain, or the Bank of England Fintech program are driving the technology behind the cryptocurrencies to take the lead in all industries revolution.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Binance,Bitcoin,SEPA

Binance Suspends SEPA Inward Payments Until Further Notice

Binance Suspends SEPA Inward Payments Until Further Notice Binance has just announced that it has temporarily stopped all incoming SEPA payments. As a result, users will no longer be able to deposit euros using the primary European payments network. The world’s largest cryptocurrency exchange did not provide any specific information regarding the reason behind this […]

12 July, 2021
Bitcoin,Cryptocurrency,Investment

Why are Crypto Holders Worried of Declaring Their Ownership?

Cryptocurrencies have been popularly regarded as the future of finance globally. Investing in virtual coins has become a lot easier than it was a few years ago with the evolving crypto industry. Over the last few years, Bitcoin has caused a lot of buzz in the market. It has established itself as the de facto […]

8 July, 2021
Bitcoin,CoinMarketCap,Trading

Bitcoin On The Rebound Following Elon Musk’s Latest Announcement

The price of the world’s largest cryptocurrency is rising again following the latest comments from Elon Musk. Bitcoin’s price has climbed and stayed above $40,000 on Monday 14th June, following an announcement by Musk that Tesla will, once again, start accepting BTC payments. The latest comments have proven once more what a powerful influence the […]

16 June, 2021
Bitcoin,Cryptocurrency,Regulation

Bitcoin Is Now Legal Tender In El Salvador

The world largest cryptocurrency has become a legal currency in El Salvador. Following a congressional vote held on Tuesday, a significant majority agreed to adopt Bitcoin and use it alongside the country’s other currency, the US dollar. In the words of El Salvador’s President, this decision has made “history”. Within the next 90 days, all […]

10 June, 2021
advertisement,Cryptocurrency,Google

Google Updates Its Advertising Policy To Allow Crypto Ads

Global search engine giant, Google, has announced that it will be accepting cryptocurrency advertisements targeting customers in the US. This change to the tech giant’s financial products and services ads policy is expected to be made at the start of August 2021. As a result, operators of cryptocurrency exchanges and wallets will be able to […]

8 June, 2021
Bitcoin,Coinbase,Trading

Coinbase Stock Loses Over 25% Since April IPO

It was hailed as one of the greatest moments in cryptocurrency history. The Coinbase IPO was seen as the tipping point of the sector, a moment when cryptocurrencies will finally find their well-deserved place within the financial industry. Interest was high, and when Coinbase (COIN) began trading on the Nasdaq on April 14, 2021, the […]

26 May, 2021
Bitcoin,Cryptocurrency,Social Media

Bitcoin Drops by Over 30% to $30,000 After Another of Elon Musk’s Tweets

Tesla’s CEO and among the top three richest people in the world, Elon Musk, has yet again sent Bitcoin and other altcoins on a wild ride that saw the markets bleed after massive sell-offs. In a flurry of tweets that begun on Sunday, Elon seems to have implied that Tesla would liquidate its Bitcoin holdings. […]

20 May, 2021
Blockchain,Investment,Technology

Tune In To The 4th Edition of the AIBC Pitch

On the 25th of May 2021, Dubai will once again play host to the much-anticipated Draper-Aladdin AIBC Startup Pitch. 100 companies operating in the exciting fields of AI, Blockchain, Quantum Tech, FinTech, Big Data and IoT will be showcasing their ideas to investors and other stakeholders. Up to $500,000 can be won by any single […]

16 May, 2021