May 6, 2020
On April 16, 2020, MEDICI, in collaboration with IBM and Village Capital, helped launch the second annual IBM Hyper Protect Accelerator, a new tech startup program designed to build and scale the next generation of FinTech and HealthTech companies with solutions engineered to keep their sensitive data highly secured.
The program is all about providing a highly secure platform to enable startups to keep their sensitive data secure.
If your startup is collecting, storing, and/or transmitting sensitive data such as medical and/or financial records and looking for a platform to help keep your customer data secure, IBM would like to work with you.
Selected startups can expect access to one-on-one, hands-on technical leaders, cloud solution architects, and an experienced network of business leaders. IBM empowers the cohort via curated curriculum specifically designed for early-stage startups. Startups will receive up to $10,000 in monthly IBM Cloud technology credits, which can be used toward IBM Cloud Hyper Protect Services and the variety of cloud solutions available within the world of IBM, including artificial intelligence, machine learning, blockchain, and other cloud services available via the IBM Cloud. By the end of the program, each startup will have access to up to $120,000 in credits to be used within a one-year period.
IBM is looking for startups that operate in any of the segments below:
IBM is looking for early-stage FinTech, InsurTech, and HealthTech founders from around the world who need access to the resources required to help build world-class applications and technical solutions.
This program is designed for early-stage startups from across the globe that are less than five years old and has less than $1 million in revenue. Startups must have a website and a matching email address.
The application is live now and will remain open until June 15, 2020, at 5:00 PM PST.
Once applications close, IBM will work with its panel of expert judges of IBMers and program collaborators to review startup applications and select 30 early-stage FinTech, InsurTech, and HealthTech startups based on scoring criteria that includes evaluation of each startup’s fit for purpose, including its problem statement, mission, vision, value proposition, architecture, business model, competitive set, solution, and team structure.
In November, IBM will host a series of workshops. Each startup will be able to attend one workshop series. As IBM is continuing to evaluate the safest and most effective means to host them, details on how these workshops will be conducted will be shared when cohort selections occur. The workshop series will include design thinking, investment readiness, pitch refinement, go-to-market strategy and execution, marketing collaboration, details on joining the IBM Partners Program, and detailed, one-on-one technical mentorship.
To create a long-term, successful accelerator, IBM will provide virtual mentorship to the cohort of entrepreneurs, consisting of monthly one-on-one engagement, and quarterly all-hands with IBM engineers and architects over a two-year period.
The cohort will also receive virtual business mentorship over a one-year period, which includes monthly one-on-ones and quarterly all-hands.
IBM recognizes that diversity and inclusion are integral to a company’s strategic and profitability objectives—solidifying the connection between customer satisfaction and winning in the marketplace. IBM values opportunities for businesses owned and operated by minorities, women, LGBT+, disabled veterans, and other disabled persons.
Applications need to be submitted by June 15, 2020. Any application submitted after this deadline will not be considered. If your startup is nominated, you'll be notified in mid-September during IBM Z Day – a live, virtual event sponsored by the IBM Z Ecosystem team.
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