IBM will release an application programming interface and software development kit to third-party developers seeking to build cloud computing apps based on the Watson technology.

The company and its venture capital partners will work together to help software entrepreneurs bring Watson-powered apps and services to market, IBM said Thursday.

“By sharing IBM Watson’s cognitive abilities with the world, we aim to fuel a new ecosystem that accelerates innovation, creativity and entrepreneurial spirit,” said Michael Rhodin, senior vice president of IBM’s software solutions group.

“Together with our partners we’ll spark a new class of applications that will learn from experience, improve with each interaction and outcome, and assist in solving the most complex questions facing the industry and society,” Rhodin added.

IBM enlisted more than 500 subject matter experts to provide app development, research and design assistance through the ecosystem.

Fluid Retail, MD Buyline and Welltok are developing Watson-based apps intended to support decision making processes in the healthcare, retail and financial services industries.