Fidelity, Deloitte and Amazon start Accelerator for DLT Startups

Major tech giants around the world interested in blockchain like Fidelity, Deloitte and Amazon have teamed up together and started supporting a new blockchain accelerator program called Startup Studio, according to reports.

These major tech giants are backing this initiative along with 20 other firms which include Ethereum Foundation and ETH Global, Stellar Foundation, it also includes crypto analytics firm Messari, and Coinbase-backed NEAR Protocol, among the others.

The new accelerator program is an initiative started by IDEO CoLab Ventures, the venture capital division of United States-based design consultancy firm IDEO provides support of new blockchain startups.

This initiative is powered by major tech giants like Fidelity, Deloitte and Amazon, as well as major crypto industry players, Startup Studio is set up to provide workshops to blockchain startups to help them enhance a variety of skills in important fields related to business and entrepreneurship, including product design, law and engineering, smart contract development, finance and hiring, among others.

This initiative was started this week, blockchain entrepreneurs and startups can apply to participate in specific acceleration programs through Startup Studio’s website, as managing director of IDEO CoLab Ventures Ian Lee wrote in the blog post.

Some startup firms such as crypto lender Dharma, decentralized protocol 0x and crypto derivatives exchange dYdX have already attended Startup Studio workshops.

In February this year, IDEO CoLab introduced its “Distributed Web Investing Program,” announcing six investments in blockchain startups, including Messari.

Recently, a diplomatic academy in Brazil announced that it will require new candidates who have information and knowledge of crypto and blockchain.