IBM Hyper Protect Accelerator 2023
Supporting impact-driven startups working on the intersection of technology, data and impact
About the Program
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. Check out our past cohort companies here.
No equity will be taken in their company by IBM or Village Capital as part of the program.
Apply to the Program
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 from Village 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.
Who Should Apply?
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.
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)
From 2010 to 2020 the volume of data created, captured, and consumed increased by an astounding 5,000%, with 90% of all data created in the last two years. This flood of new data streams also raises potential exploitation and security issues around data exposure, and raises concerns for individuals and businesses around data protection, privacy, security, and regulatory compliance.
Digital solutions leveraging data are transforming access to essential services by improving service delivery, reducing costs, and increasing accessibility. Can data collection create more inclusive solutions that improve access without compromising individuals ownership of their data?
As the data landscape continues to evolve, businesses handling users’ personal information must act as data custodians to maintain privacy, keep client data protected, and acknowledge data ownership is the sole right of users. Without secure data ownership, clients, and stakeholders lose potential benefits from their data to businesses and restrict their ability to access better, more inclusive, and more valuable services.
Over the past four years, the IBM Hyper Protect Accelerator has worked with startups that utilize sensitive data and Personally Identifiable Information (PII) to create, improve, and increase users’ access to financial, healthcare, and other services. Solutions include unified APIs to foster financial inclusion in Africa, OpenAPIs to democratize access to affordable insurance in Latin America, blockchain-based solutions that increase financial transparency and efficiency, digital assets platforms that create opportunities for creators, and other digital solutions that touch on the intersection of technology, data, and impact.
Benefits startups will receive:
Build deep connections with other founders in your cohort and our larger Village Capital investor and alumni network.
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.
Join interactive sessions tailored to help your company identify early milestones and prepare for your next round of capital.
Work with an investment analyst who will coach you 1:1 on building a financial model, identifying unit economics, and using financial metrics.
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.
May 15, 2023
June 30, 2023
October 18, 2023
October - December, 2023
Meet IBM Hyper Protect Accelerator's DataTech Startups
Since 2019, the program has supported 146 startups from 36 countries. Learn more about the companies across sectors: datatech, digital assets, healthtech, fintech, insurtech, and more.
Road to 100: IBM Hyper Protect Accelerator
The amount of data that is being collected, analyzed, and stored by different organizations is growing at an exponential rate. In the last 10 years, the volume of data created, captured, and consumed worldwide grew by a staggering 3850%. This raises concerns for individual and business users on data protection, privacy, security, and regulatory compliance.
A Perspective on Data Protection, Privacy, and Security
Data is at the heart of making healthcare more affordable and accessible. Protecting this data and enabling sharing of the right data, with the right people, at the right time is crucial.
Culturally, I grew up sharing best wishes of health, wealth and happiness. These three things are not always inherently bound.
Learn more about mentoring with Village Capital