IBM Blockchain and Columbia University to Open Two New Crypto Startup Accelerator Programs


A couple of days back, IBM (in conjunction with Columbia University) announced its decision to introduce two new blockchain startup accelerators that will delve into a variety of niche arrays including research, education, blockchain innovation and data transparency.

It is also worth mentioning that this joint venture has been fostered by the Columbia-IBM Center for Blockchain and Data Transparency. The goal of this exercise is to provide 20 entrepreneurs and blockchain network founders (located across the globe) with streamlined access to a host of digital assets that are needed for the development of ‘sustainable blockchain businesses’ as well as ‘enterprise-grade blockchain networks’.

More About The Project

As per IBM’s envisioned roadmap, the Network Blockchain Accelerator program will help fasten the overall development of ten later-stage growth companies as well as focus on things like:

  • Building of enterprise-grade business network
  • Increasing of one’s client base

    In this regard, David Post, a Director over at IBM, was quoted as saying:

“The possibilities presented by blockchain technology are seemingly endless, and we see 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.”

On the flipside, the Columbia Blockchain Launch Accelerator has been devised to provide ten pre-seed, idea-stage companies with all of the help that they can get in order to foster a successful startup idea.

Talking with a media outlet recently, Satish Rao, the Executive Director of the Columbia Blockchain Launch Accelerator, said:

“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.”

Final Take

As is to be expected, the above mentioned accelerator programs are designed to empower different companies in their bid to become successful. Lastly, as per the information available to us right now, both of these programs are scheduled to go live sometime during the 1st quarter of 2019.

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