Block Engine, as it is called, will accept applications until 31 January and is looking for early-stage companies and also established businesses looking to implement blockchain technology. The programme will start on 19 February.
Those five companies chosen will be given access to some of Australia's thought leaders in the blockchain space.
Participants will have access to more than 50 business mentors and thought leaders, including Leigh Travers, chief executive of DigitalX; Jonathan Ross, founding director of Coinstop; Paul McKenzie, operations manager of ACX.io; and Asher Tan, chief executive of Coinjar.
Martin Davidson, global director and chief executive of the Blockchain Centre, said: “As true advocates of the power of blockchain technology, the Blockchain Centre is excited to be offering this programme to the community.
“We know that the worldwide adoption of blockchain technology is skyrocketing and it’s only a matter of time until it reaches its full potential. Through Block Engine, we believe we can help early stage blockchain start-ups better understand their ideas and importantly, purpose and potential in disrupting how we do business and live in society today.
“With over 4000 people in our thriving ecosystem, start-ups will able to access a network of talented entrepreneurs, mentors and investors at their fingertips.”
The Blockchain Centre in Melbourne has been operating since 2014 and is home to more than 20 blockchain start-ups. It has run more than 450 community events and recently opened international branches in Shanghai and Kuala Lumpur.