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Funding Progress

UC Berkeley Starts Accelerator for Fledgling Blockchain Startups

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The prestigious Californian educational Institute UC Berkeley has just launched an accelerator program for new blockchain startups in the country. The program is 12 weeks long and will help the early stage projects to gain the necessary traction and development to become successful later on.

The new Berkeley Blockchain Xcelerator is partly sponsored by Venture Capitalist fund Berkeley X-lab Fund and includes cooperation between Sutardja Center for Entrepreneurship and Technology and Haas School of Business and Blockchain, both based in Berkeley. The Haas school is a student-run organization comprising of over 100 members from academia and industry. It has taught over 70,000 tutees online for free and has designed blockchain-based Proof of Concept (PoC) programs for a number of top commercial entities as well.

According to Gloria Zhao, president of Blockchain at Berkeley:

“With such a nascent technology as blockchain, we see that a lot of subject matter experts and people making an impact in the blockchain space are students.  Blockchain at Berkeley strives to foster the entrepreneurial spirit in our students, so we are excited to help lead this initiative and assist the next generation of blockchain innovators.”

While the accelerator program is based in Berkeley, blockchain firms from around the world can apply for it. The selected startups will be mentored by entrepreneurs, alumni, investors and other individuals who have the potential to help the project grow further.

UC Berkeley is gearing up its efforts for blockchain education and entrepreneurship. It had previously partnered with Ripple’s Global University Blockchain Research Initiative to hose blockchain speaker series at the Haas School of Business and Blockchain. The institute is also working with Ripple for cross-departmental courses and funded research projects and a new blockchain hackathon.


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