Blockchain Accelerator Launched By UC Berkeley

Blockchain, Education, News | February 14, 2019 By:

The University of California, Berkeley (UC Berkeley) is launching a new accelerator that will help entrepreneurs pursue ventures in the blockchain space.

Called the Berkeley Blockchain Xcelerator, the program is a joint venture between Berkeley Engineering’s Sutardja Center for Entrepreneurship and Technology, Blockchain at Berkeley, and the Haas School of Business. The goal of the program, which has been partly sponsored by venture capital fund Berkeley X-Lab Fund, is to build a blockchain and technology ecosystem to further UC Berkeley’s mission of education and mentorship in the blockchain space.

The 2-week accelerator program will allow early-stage blockchain projects to tap into the vast resources of UC Berkeley and Silicon Valley, and receive expert industry guidance. UC Berkeley’s network of serial entrepreneurs, alumni, faculty, seasoned investors and capable students will be available as mentors and advisors for the selected portfolio companies to guide them through the program and prepare them for demo day. Portfolio companies will also receive access to office space, funding and partnership resources. Interested blockchain teams can send their applications until February 28 for the spring 2019 batch.

“UC Berkeley, Silicon Valley, and the Bay Area have become the worldwide hub for the development of blockchain technology,” said Professor Ikhlaq Sidhu, founder and director of the Sutardja Center for Entrepreneurship and Technology. “Currently, there is a lot of hype in the space, but we believe that this new accelerator will give innovators the tools they need to separate hype from reality and pursue ideas that solve pressing business problems and create valuable new ventures.”

“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,” said Gloria Zhao, president of Blockchain at Berkeley, the first student run blockchain organization. “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.”