IBM Hyper Protect Accelerator 2023 for Startups
Applications for the IBM Hyper Protect Accelerator 2023 are now open. 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.
FOR: Startups / SMEs,
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STATUS: ❌ Closed.
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The IBM Hyper Protect Accelerator has already supported 146 early-stage startups across the world and is now open to applications for Cohort 6 and Friends of Hyper Protect (FoHP) Class III.
The 2023 program will expand to support more companies working on impactful Datatech products, and consist of three components:
- The IBM Hyper Protect Accelerator, HPA (Up to 15 companies): 1 year of technical mentorship from IBM (including up to $120,000 of free IBM cloud credits), access to IBM’s network & a 3 month intensive Village Capital Investment Readiness Accelerator with bespoke mentor and investor matching.
- Friends of Hyper Protect, FoHP (Up to 30 companies): 1 year of quarterly technical mentorship from IBM (including up to $120,000 of free IBM cloud credits), access to IBM’s network & 3 months of tailored business support fromVillage Capital with a focus on milestone planning and investor matchmaking.
- The DataTech for Good Coalition: A coalition on Village Capital’s Abaca platform that matches DataTech for good startups with like-minded investors and peers.
Requirements:
Village Capital and IBM will identify, vet, and recruit 45 companies using highly sensitive personal data to increase access to digital solutions, including -but not limited to- Fintech, Datatech, Digital Assets, Edtech, Insuretch, and other solutions. The virtual Accelerator will take place between September and December 2023 and there will be continued support from IBM into 2024.
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If managing sensitive data is at the core of your business and security on the public cloud is a priority for you, then 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 $10 million in yearly revenue.
- Less than 10 years old.
- Have good traction (this is not limited to revenue, but can include successful pilot studies, number of users, and/or strategic partnerships).
- A founder/member of the exec team must be able to commit to attending every session. (~40 hours total between September and December 2023, 3-hour sessions).
Duration and Benefits
Startups will receive:
- Connections: Build deep connections with other founders in your cohort and our larger Village Capital investor and alumni network.
- Mentorship: 1 year of on-demand technical mentorship, where companies get access to IBM’s network of subject matter experts, partners, technicians, go-to-market support, co-marketing, and branding
- Training: Join interactive sessions tailored to help your company identify early milestones and prepare for your next round of capital.
- Advice: Work with an investment analyst who will coach you 1:1 on building a financial model, identifying unit economics, and using financial metrics.
- Exposure: Get featured on Village Capital’s program website and other collateral.
- IBM Cloud Credits: Access to up to $120,000 in IBM Cloud credits, up to $10,000 per month for the first year.
How to Apply
Interested an qualified candidates should apply using the button below or click this link
Deadline: June 30th, 2023
Talithacumi Edom, a seasoned editor at Latest Opportunities, is an experienced Ghostwriter, a professional CAC registrations Service Provider, and a business enthusiast raising her bars everyday.
