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3 blockchain startups among 175 selected companies for Plug and Play accelerator programs

Global innovation platform Plug and Play has announced its largest cohort to date in which 175 companies will join its ecosystem of 180 corporate partners, 200 VCs, and 583 alumni.

After reviewing over 8,500 startups, Plug and Play selected 175 companies. According to the official release, the selected startups will be dispersed across nine Innovation Platforms: Brand & Retail, Fintech, Food & Beverage, Health & Wellness, Insurtech, Internet of Things, Mobility, New Materials & Packaging, and Travel & Hospitality.

Three blockchain startups have made it to the final list:

healthcoin: A global, blockchain-enabled rewards platform designed to change people’s behaviors and prevent diabetes. It has been selected under “Health & Wellness”.

RiskBazaar: P2P risk contracts on the blockchain. It has been selected under “Insurtech”.

Chronicled: Securing physical world identities and data with Blockchain, including IoT, supply chain, and M2M applications. It has been selected under “Internet of Things”.

Each 12-week program includes business development, investment pitches, and extensive networking with Plug and Play's corporate partners, VCs, and mentors. These advantages require no equity from participating startups.

"We look forward to the arrival of brilliant minds to our headquarters. We foresee our corporate partners more involved than ever. The startups can expect to run more pilots, diversify their business offerings, and raise additional funding to build their dream," says Saeed Amidi, Founder and CEO of Plug and Play.

For the startups, it is a zero commitment booster pack for business development with the potential for investment, the release said. For corporations and VCs, it will provide an opportunity to meet and work with the best startups in their field of interest.

"As one of Plug and Play Mobility's Founding Partners, for us mobility means way more than four wheels on the road. We expect innovative, surprising, and bold ideas from the startups. Fresh influx of top talent will open up new ways of creating the future of mobility," Arwed Niestroj, CEO & President, Mercedes-Benz Research & Development North America Inc.

The startups will graduate from the programs June 6-8th, 2017 at Plug and Play's Summer Summit.

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52.8 bln $

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