Alumni from Massachusetts Institute of Technology and Harvard University have jointly launched a startup accelerator focused on supporting early-stage web3 founders associated with any institution.

The accelerator is called the MIT x Harvard Blockchain Accelerator and is a non-dilutive program, meaning it will not make any investments in the accepted startups. Sam Lehman, the core contributor of the accelerator, said, "The accelerator will not hold any equity in the startups we accelerate. We have no plans for investment or funding in the short term; we are focused on purely providing guidance."

The first batch of the accelerator program will begin next month and end in June, and the core contributors are currently accepting applications.