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Blockchain Accelerator Program Launched for Startups at the University Of California

Innovators and founders in the blockchain sector have just got a boost in their startups as blockchain driven institute at Berkeley announced its accepting applications for a 12-week educational program. Dubbed the Berkeley Blockchain Xcelerator the Xcelerator is made up of 12 weeks of learning for the applicants to help them curve out high-end applications for use in the blockchain industry.

To be able to pull the educational program off, Berkeley Blockchain Xcelerator had Berkeley X-Lab Fund backing it as the sponsor. But with a project of this magnitude, Berkeley Blockchain Xcelerator had to work in conjunction with other faculties from the University of California, Berkeley. They are the Haas School of Business, Blockchain at Berkeley and Berkeley Engineering’s Sutardja Center for Entrepreneurship and Technology. Through their combined efforts, the success of the educational program is guaranteed. Furthermore, the availability of resources at UC Berkeley coupled together with tech nerds from Silicon Valley applicants are bound to come out as tech experts at the end of the 12 weeks.

Benefits for Applicants

First and foremost the program main goal is to provide educational guidance and expertise to founders of the startups, expound on the opportunities available and help them tap into these opportunities. Furthermore, through the Xcelerator innovators will get access to necessary tools combined with knowledge. Through education, they will be able to identify significant challenges in the business community which technology can solve. Similarly, they will be capable of curving out new ideas by the end of the program. Berkeley brings together a wealth of knowledge from its vast network of students, seasoned investors, faculty, alumni, and entrepreneurs. The latter will come in as advisors and mentors for some of the portfolio companies which will be participating in the demo day. Portfolio firms will get partnership resources, access to funding and office space.

With the Xcelerator program up and running, startups in the blockchain sector have an opportunity to get access to resources, connections to founders and industry experts. And since this opportunity is coming in while the startups are still at infancy stages, it’s not an opportunity to pass. Applications are still being accepted for the spring session; apply now before the 28th of February 2019. If you’re lucky enough and have an excellent idea, you are guaranteed of $200k worth of investment. For more information and to submit your application please visit the UC Berkeley website.