Village Capital, in partnership with IBM, announced that 45 startups have been selected for the fifth class of the IBM Hyper Protect Accelerator, an investment-readiness and technical mentorship program.
London (October 18, 2023) – Village Capital, in partnership with IBM, announced that 45 startups have been selected for the fifth class of the IBM Hyper Protect Accelerator, an investment-readiness and technical mentorship program.
The startups will benefit from one year of technical mentorship from IBM, investment-readiness training from Village Capital with bespoke mentor and investor matching, and access to both IBM’s and Village Capital’s broader networks.
Out of the 45 finalists, 64% have at least one female executive in their C-Suite and 60% have at least one founder from the Black, Brown, or LatinX community. In terms of sector breakdown, Fintech startups comprise 24% of the cohort, with Digital Assets startups closely following at 22%. Additionally, it’s noteworthy that 33% of all startups are involved with Digital Assets, and 49% are engaged in AI, considering both their primary focus and related areas.
15 startups are joining IBM Hyper Protect Accelerator and will participate in Village Capital’s capacity-development workshops. The curriculum is focused on helping them develop the networks and tools they need to sustainably scale their impact and connect them with investors, mentors, and peers for one-on-one feedback and support. 30 startups are joining Friends of Hyper Protect III, where they will receive tailored business support from Village Capital with a focus on milestone planning and investor matchmaking.
Here are the 45 startups leveraging highly sensitive data to improve the quality and access to digital, financial, and healthcare services:
IBM Hyper Protect Accelerator:
Friends of Hyper Protect III:
This virtual accelerator will take place between September and December 2023 and provide continued support into 2024.
Datatech's rapid growth is changing how we access essential services like healthcare, banking, and education. Still, the rising concerns over data security, as seen in recent incidents like election misinformation and consumer data breaches, highlight the global consequences of mishandling data. Many datatech startups struggle with limited resources and expertise to ensure robust security and navigate complex data privacy rules. The IBM Hyper Protect Accelerator empowers startups to build scalable and sustainable solutions that meet people's needs while guaranteeing compliance with the highly secure cloud, Hyper Protect.
This cohort will receive support from IBM's top-notch security services and expertise from Village Capital's extensive network of peers and investors.
About Village Capital
Village Capital is reinventing the system to back the entrepreneurs of the future. Known for its groundbreaking approaches to supporting founders who are building solutions to emergent social, economic, and environmental challenges, VilCap unlocks critical social and financial capital for early-stage companies to maximize business and impact growth.
Since 2009, Village Capital has supported over 1,400 startups that have raised over $5 billion in investment capital. It has made more than 150 investments through its various affiliated funds, including Vilcap Investments, which has invested in 110 peer-selected companies. Over 20,000 entrepreneurs have improved their investment readiness through its network of entrepreneur support organizations and its platform, Abaca. Learn more at www.vilcap.com and follow @villagecapital.