IBM has just partnered with Columbia University to launch two accelerator programs to “build and scale the next generation of blockchain innovation.”
The programs will be part of the Columbia-IBM Center for Blockchain and Data Transparency.
Together they will give 10 blockchain-based startups access to the center’s resources, including design workshops from IBM, along with business and technical support.
The university will provide connections to its extensive research community and student talent pools.
Funding amount and companies
Each company will receive roughly $400,000 in funding and only established blockchain companies will be accepted.
David Post, managing director of the IBM Blockchain Accelerator says,
“The possibilities presented by blockchain technology are seemingly endless, and we are seeing 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.”
Nominations for companies are now open and applications for launch will open in January 2019.
Universities have become increasingly interested in blockchain and cryptocurrencies, which are built on top of blockchain technology. A recent survey released by cryptocurrency exchange Coinbase shows that at least one course on crypto or blockchain is offered at 42% of the world’s top 50 universities as ranked by U.S. News and World Report. Stanford tops the list with 10 courses, followed by Cornell.
Meanwhile, the endowments of MIT, Stanford, Yale, Dartmouth, Harvard and the University of North Carolina all reportedly have stakes in at least one Bitcoin/cryptocurrency fund.
This is another step to take blockchain to mainstream and being used on a daily basis.