Tech giant IBM (NYSE:IBM) has teamed up with Columbia University to launch a pair of technology accelerators as part of a broader push to spur blockchain development.

The IBM Blockchain Accelerator and Columbia Blockchain Launch Accelerator, announced Monday, will support 10 startups each, according to a press release. The two are part of the Columbia-IBM Center for Blockchain and Data Transparency, a collaboration between the groups launched this past summer to incubate blockchain applications.

IBM Blockchain Accelerator managing director David Post believes that the collaboration with the Ivy League institution will help the company supplement early-stage companies with the required technologies and social networks to grow their businesses.

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