The 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 146 early-stage startups across the world and is now open to applications for Cohort 6 and Friends of Hyper Protect (FoHP) Class III.

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.

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.

Eligibility Criteria

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 a for-profit entity
• Using Personally Identifiable Information to increase access to digital, financial, or healthcare services
• Making under $10 million in yearly revenue
• Less than 10 years old
• Having 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)

Please note that no equity will be taken in their company by IBM or Village Capital as part of the program.

Benefits of IBM Hyper Protect Accelerator

FRIENDS OF HYPER PROTECT: Village Capital and IBM will also identify, vet, and recruit 40 additional companies to join “Friends of Hyperprotect (FOH)”. Companies will receive a lighter touch Village Capital & IBM curriculum, which includes;

Benefits

• Up to $120,000 in IBM Cloud credits
  • Up to $10,000 per month for one year
• 6+ hours of virtual training by Village Capital
  • Investment readiness assessment
  • Investment milestone planning
  • Impact Metrics
  • 1/2 group mentor sessions specific to your needs
• Village Capital coordinated mentor and Investor engagement
  • Invitation to join Village Capital’s global Abaca online network, with over 1,000 investors and organizations that are supporting social entrepreneurs.
  • 1-/2 mentor tailored mentor/ investor sessions
• IBM collaboration
  • 2 years of technical mentorship from IBM on a quarterly basis.
  • Go-to-market support
  • Co-marketing and branding
  • Access to the IBM network

The “Datatech for Good” coalition is a curated network of investors who are actively seeking investment opportunities in the datatech/data security space.

 Benefits

• Invitation to join Village Capital’s global Abaca online network, with over 1,000 investors and organizations that are supporting social entrepreneurs.
• Opportunities to engage with a network of investors who are actively seeking investment opportunities in the datatech space
• Highlighted in an exclusive network of innovators that are leveraging datatech for social good.
• Notification of future Accelerator programs

Apply Here

Visit the OFFICIAL PAGE for further information. DROP COMMENTS for questions/suggestions