About the Opportunity
IBM Hyper Protect Accelerator is an investment-readiness and technical mentorship program, run in partnership with Village Capital and IBM. The program supports impact-focused startups leveraging highly sensitive data to improve the quality of, and access to digital, financial, and healthcare services. The IBM Hyper Protect Accelerator has already supported 45 early-stage startups across the world and is now open to applications for Cohort 4.
No equity will be taken in your company by IBM nor Village Capital as part of the program.
This year the program will expand to support more companies working on impactful datatech products. The 2021 program will consist of three components:
The IBM Hyper Protect Accelerator (15 companies)
Friends of Hyper Protect (40 companies)
The Datatech for Good Coalition
Village Capital and IBM will identify, vet, and recruit fifteen companies using highly sensitive data to increase access to digital, financial, and health care solutions. The virtual accelerator will take place between October and December 2021 and there will be continued technical support into 2023.
Each startup will receive IBM Cloud credits of up to $120,000, participate in 40+ hours of virtual technical and business mentorship, investment milestone planning, and access to IBM and Village Capital’s network of partners, investors, stakeholders, and mentors.
The Class of 2021 will also work with IBM collaborators, including Female Founders Alliance and Black Innovation Alliance, to help the cohort develop their ideas into sustainable and scalable companies.
If managing sensitive data is at the core of your business, this accelerator is for you! To be eligible, you must be:
Legally incorporated as a for-profit entity
Using personally identifiable information to increase access to digital, financial, or healthcare services.
Under $1 million in yearly revenue
Less than 5 years old
Have some traction (this is not limited to revenue, but can include successful pilot studies, number of users, and/or strategic partnerships)
Have a positive social impact
Be able to commit to attendance of a founder/member of the exec team (~40 hours total between October and December 2021, 3-hour sessions)
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