Fidelity, Deloitte, Amazon, and 20 other firms are backing a new blockchain accelerator program to mentor budding entrepreneurs in the space.
The program, dubbed “Startup Studio,” is set up by IDEO CoLab Ventures, a venture arm from design firm IDEO, and aims to help blockchain startups with product design, user testing, hiring, finance, law and engineering, through one-day workshops.
IDEO CoLab has been active in the blockchain space since as early as 2015, and has recently worked with Augur, a decentralized platform for creating predictions markets, as well as privacy-centric cryptocurrency startups Zcash and Grin, among others.
Back in February, IDEO CoLab also invested in six blockchain startups, including Messari. Lee told The Block that its current portfolio includes nine companies and that the firm will invest in around 12 blockchain startups a year.
Blockchain accelerator programs are on the rise. The Block recently reported that Creative Destruction Labs in Canada is working with 25 blockchain startups, offering them $100,000 in funding and tailored mentoring from notable firms.
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