The University of California, Berkeley has launched a new accelerator set to remain active for 12 days to support startups working on blockchain technology. According to the platform’s blog post, ‘the new accelerator will help entrepreneurs pursue ventures in the blockchain space, tap into the vast resources of UC Berkeley and Silicon Valley, and receive expert industry guidance to create high-value blockchain startups.’

The Berkeley Blockchain Xcelerator

The new Blockchain-cored accelerator is called the Berkeley Blockchain Xcelerator and comprises of a partnership between Berkeley Engineering’s Sutardja Center Blockchain X-Lab, Blockchain at Berkeley, Berkeley Haas Blockchain Initiative and Berkeley Haas Entrepreneurship Program.

As mentioned above, the accelerator aims to support early-stage projects in blockchain by providing, not just knowledge and connections to industry experts, but also providing resources to founders and entrepreneurs across the globe.

The chosen teams will gain access to the vast resources of UC Berkeley and Silicon Valley, and also receive guidance from experts on how to create the best blockchain startups. They’ll also receive funding of up to $200,000. Applications to the project are currently valid till the 28th February this year for the Spring Session.

How Berkeley Blockchain Accelerator Aims to Solve Real Life Problems

Professor Ikhlaq Sidhu, founder and director of the Sutardja Center for Entrepreneurship and Technology believes, ‘’…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.’’ A sentiment that is strongly supported by the president of blockchain at CU Berkeley, Gloria Zhao who said that;

‘’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.’’

According to Pitchbook, UC Berkeley is the world’s number one public university and ranks as the second university for entrepreneurs and startups. The institution has always been a step ahead with innovations in emerging technologies, including blockchain and cryptocurrencies, –one of the main reasons why blockchain at Berkeley is the largest university-based ecosystem for Blockchain Tech.Crypto Is Coming!