Both programs form a part of this Columbia-IBM Center for Blockchain and Data Transparency, a combined innovation center that has been established from the technology giant and U.S. ivy league college this summer.
According to the launch, every program will encourage ten startups, offering them a community of business mentors, technical assistance, access to Columbia’s student talent and”analysis community,” layout support, and IBM cloud technologies tools.
The stated goal is to aid network founders interpret ideas into”scalable and sustainable” blockchain businesses, which will then spur”purposeful venture blockchain adoption and drive business efficiencies across businesses.”
The eight-week Columbia Blockchain Launch Accelerator, set to occur in nyc, was created for pre-seed”idea-stage” companies which are connected with Columbia or a different NYC-based faculty, since the launch outlines.
The 2nd eight-week application, dubbed IBM Blockchain Accelerator, is aimed at later-stage firms internationally and will aim to help participants establish a company network and customer base because of their blockchain program. It’ll be partly run in New York and San Francisco, and partially”in conjunction with virtual programming” to provide participants more time to dedicate to their company scaling attempts.
Each player startup on both apps will allegedly be provided with approximately $400,000 value of accessibility to technologies and solutions. Neither app takes equity or charges a fee for participation.
As mentioned earlier this autumn, fellow New in-state faculty New York University (NYU) has promised to be the”earliest” U.S. college to provide a major in blockchain engineering, to be supplied from the NYU Stern School of Business. Several other top-ranked universities internationally provide a plethora of blockchain and crypto-related classes.
IBM, which has its Hyperledger-powered cloud blockchain system, has made significant inroads to the venture blockchain space. The company is rated second global concerning variety of blockchain-related patents registered, as of Aug. 31, 2018, next only to China’s e-commerce giant Alibaba.