MIT and Harvard Alumni Establish Web3 Focused Startup Accelerator

According to BlockBeats, alumni from the Massachusetts Institute of Technology (MIT) and Harvard University have jointly established a startup accelerator focusing on supporting early-stage Web3 founders associated with the two institutions. The accelerator, called MIT x Harvard Blockchain Accelerator, is a non-dilutive program, meaning it will not make any investments in the accepted startups. One of the core contributors to the accelerator, Sam Lehman, stated, 'The startups we accelerate will not give us any equity.' He added, 'We have no plans to invest or provide funding in the short term; we are focused on pure mentorship.'