IBM and Columbia University have unveiled two new acceleration programs and are asking start-ups to join in blockchain innovation.
As reported in July, the duo has established a center dedicated to blockchain technology research and data transparency. The plan included the inclusion of an innovation accelerator to apply the blockchain to meet growing data transparency needs, as well as incubate business ideas from students, faculty members and members of the start-up community.
In the last chapter, David Post, MD, IBM Blockchain Accelerator, said: "The possibilities offered by blockchain technology are seemingly endless, and we are witnessing a strong dedication from technical talent to create revolutionary applications."
Columbia-IBM Center for Blockchain and Data Transparency accelerators will provide access to skills and resources to help companies establish blockchain networks.
The programs will support each ten start-ups. As part of each program, participants will have access to IBM's design workshops, a technical and sales support network, links to the Columbia research community and student talent pools, assistance in the design of business value and access to IBM Cloud technology.
IBM Blockchain Accelerator is designed for "advanced growth companies". This will take place in about eight weeks with a combination of in-person modules in New York and San Francisco, combined with virtual programming.
The Columbia Blockchain Launch Accelerator is designed for "pre-seed, idea-stage" companies with a Columbia or other recognized university affiliation in New York. This will take place on-site in New York City for around eight weeks, where the founders will receive tools and training on how to build a start-up blockchain. This is the sixth acceleration program hosted by Columbia that focuses on the pre-seed founders.
Both programs will offer companies access to technologies and services worth about $ 400,000 per company.
Applications for IBM Blockchain Accelerator are now open: click here for details. The launch applications will be open in January 2019. IBM and Columbia declare that they do not take equity or charge a commission to participate in one of these programs.