MACH37, a new Cyber Security initiative to be launched in Virginia and aims to develop and grow the cyber security industry of the area. The program which is a part of the Semper Secure project, a collaboration and partnership of the Commonwealth of Virginia with Northrop Gruman and it plans to seek private investments for the development of new companies and startup catering to high end cyber security. This is to be in Herndon, VA.
The MACH37 is modeled on existing successful accelerator programs like the Y Combinator, TechStars and 500 Startups but with the main focus on the cyber security startups. Instead of having a number of IT professionals and entrepreneurs in the industry to mentor the startups, MACH37 will gather the best cyber security experts and professionals to mentor and foster the chosen companies in their early stage of development.
“Cyber security is widely recognized by policymakers and industry leaders as crucial to safeguarding our national security and protecting the nation’s economy. MACH37™ will foster Virginia’s global leadership in cyber security by cultivating and accelerating the development of innovative technology solutions that can be deployed in new and existing client markets,” said Bobbie Kilberg, President and CEO of the Northern Virginia Technology Council (NVTC).
The incubator program for cyber security will be held twice a year in a 90-day duration of sessions and mentorship and will host 8 – 10 companies. Just like other accelerator program, the startups will have a Demo Day to a panel of cyber security experts and investors. Cyber security startups who gets accepted will receive an initial funding and a follow up investment after the Demo Day presentation.
The MACH37™ Cyber Accelerator initiative will start accepting applications in early June 2013, with the first session to be held in September 2013.
Learn more from the official website http://www.mach37.com/.