Based on a recent report, in its bid to launch a blockchain accelerator called Startup Studio, IDEO CoLab, a subsidiary of design company IDEO has forged partnerships with 20 blue chip and crypto firms which includes the Stellar Foundation, Deloitte and Fidelity, crypto data company Messari, Amazon, amongst others.
The blockchain accelerator is expected to be built on the distributed web incubator which was launched in February by IDEO CoLab.
The managing director at IDEO CoLab Ventures— Ian Lee stated that the new project will consult all the partners which are hosting acceleration programs to provide enterprising blockchain entrepreneurs and companies with the implements and funding required to further the “development, adoption, and impact of blockchain technology,”
Also, the firm stated that IDEO CoLab is of the belief that blockchain gives “users greater access, ownership, and control” over their identities and financial lives, however, it cannot be used by an average person. Almost every aspect of the tech from wallets to key management and distribution mechanisms to custodianship are open to improvements.
“In comparison to traditional startup accelerators or incubators, IDEO CoLab’s Startup Studio unbundles the startup accelerator model into half and full-day workshops run by IDEO and our network of partners focused on a highly specialised need – like product validation, brand design, hiring, user testing, or conflict management. That way, entrepreneurs and startups can quickly get the help they need when they need it, then go back to their home offices to keep building great companies, teams, and protocols.”
Available studio programs include an organization scaling workshop with Electric Capital, a legal and regulatory workshop with the law firm Perkins Coie, and an IDEO brand design workshop.
IDEO’s work with startups started in 2012, right after 21 years of successful design for international corporations such as Walgreens, Apple, and Walgreens.