Boldstart Ventures, thematic investors in enterprise technology, are reportedly launching the first accelerator dedicated to start-ups that rely on th
Boldstart Ventures, thematic investors in enterprise technology, are reportedly launching the first accelerator dedicated to start-ups that rely on the Hyperledger Fabric blockchain.
According to the report published at coindesk.com, the accelerator named Fabric Foundry can also be seen as part of a recent trend: an increasing number of open-source blockchains that are going online.
In an interview with coindesk.com investor Ed Sim said:
“We feel like there’s a tremendous amount of corporates working and using Hyperledger Fabric, but there aren’t as many startups working in that area. We’d like to bridge the gap.”
Companies that are chosen to participate in the accelerator will spend eight weeks learning how to build with the open-source code. They are also promised a sum of money that will help them through the process, as the online media disclosed. At the end, the start-ups wil be invited to pitch their ideas at an invitation-only demo day.
Boldstart Ventures has previously invested in HYPR, a company offering enterprises an end-to-end solutions for using decentralized biometric authentication.
“Our software is integrated into employee and customer-facing applications to deliver secure password-less experiences across all mobile, desktop and IoT systems.”, as the company wrote on their website.
Another portfolio company of Boldstart Ventures is Divide, a company helping organizations and individuals to get the most out of mobile technology and corporate BYOD policies that was acquired by Google in 2014.
Also, Blodstart Ventures` portfolio features businesses like Superhuman, company rebuilding inboxes, Handshake, a mobile platform that enables sales and SociaRank, a company helping customers identify, organize and manage followers on Twitter and Instagram.
IBM will be among the important companies that collaborate on the project. The company will provide training and support to the participants in the accelerator, as coindesk.com reported.