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.

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