With a brand new companion accelerator, the College of Maryland (UMD) is breaking into blockchain — nicely, metaphorically talking, anyway.
The college’s Robert H. Smith Faculty, in partnership with the Dingman Middle for Entrepreneurship and the Provide Chain Administration Middle, is launching its very first Blockchain Accelerator. In a six-week, digital program that makes use of the FounderTrac platform, 10 to fifteen startups which might be targeted on the expertise will get the prospect to fulfill with a mentor and participate in weekly studying classes with different cohort members. This system cumulates in a Demo Day the place founders will get to pitch their startups to angel buyers.
Juan Acosta, an MBA candidate on the enterprise college and lead organizer for this system, stated college leaders wished to create a blockchain-based accelerator as a result of expertise’s potential. The college itself can be very excited by blockchain tech, he stated, because the college simply created a brand new course on the subject within the enterprise college.
“Everybody, in a manner, is entering into blockchain” due to the expertise’s give attention to decentralization, Acosta informed Technical.ly. “It’s such huge information all over the place we go. There are cryptocurrencies, there’s NFTs — all of these are applied sciences that construct upon blockchain expertise.”
Acosta stated that this system will likely be accepting purposes from startups of any stage, noting that it already has just a few candidates which have raised an excellent quantity of funding — although this system itself is free, and received’t take any fairness from founders. It’s additionally open to founders internationally, regardless of the UMD backing. What the college is actually searching for, he famous, is founders who’ve a powerful technical product however want just a little help within the enterprise aspect of issues.
With blockchain “being such a brand new and rising expertise and [UMD] being a acknowledged enterprise college and college, we thought it could be an unimaginable option to mix these expertises and this demand” by launching the themed accelerator, Acosta stated.
Purposes for the accelerator opened in January and programming is scheduled to start March 16.
By its SHRMLabs program, Alexandria, Virginia-based Society for Human Useful resource Administration is launching a brand-new accelerator for HR expertise startups.
The eight-week program, which will likely be hosted just about, is designed for early-stage startups hoping to unravel office and tradition challenges. Corporations that take part within the WorkplaceTech Accelerator can have entry to an advisory council, market knowledge, a $120,000 minimal funding and entry to the SHRM community of pros, the org stated.
So as to qualify, startups have to be integrated with a cohesive workforce and marketing strategy, have a developed product out there, and be producing not more than $4 million in annual recurring income. The general objective is to again startups creating a brand new future of labor or enhancing the overall office expertise.
“SHRM is main by instance to trigger the impact to convey higher workplaces to construct a greater world,” stated Guillermo Corea, managing director of SHRM’s Innovation Lab, in a press release. “By SHRMLabs, we’re highlighting and serving to develop modern entrepreneurs who’re working to convey new applied sciences into the office that may help HR professionals internationally.”
The cohort kicks off in April and can proceed by means of a Demo Day on June 7.