Have a great idea for cybersecurity innovation? The MACH37 Cyber Accelerator has officially announced it will begin accepting applications from information security startups and security entrepreneurs for its Fall 2015 (F15) Cohort.
The program consists of an intense 90-day program in which the selected startups are coached in all aspects of creating a sustainable and successful business.
It’s open to startups from any geography. Upon acceptance into the program, participants receive a $50,000 investment to develop and launch their ideas into the market. Following completion of the program and a successful Demo Day presentation, the CIT GAP Fund will match up to $100,000 of outside investment for companies located in Virginia.
MACH37 companies will benefit from ongoing access to the MACH37 Stars Mentor Network and will receive support throughout the life of their enterprise.
Since MACH37 was launched in 2013, the accelerator has accepted four classes of startups to participate in the program. The Spring 2015 Cohort is currently in session and will culminate with a Demo Day on June 2. Following the graduation of the S15 class, MACH37 will have helped create 22 new cybersecurity companies.
“MACH37 provides a unique program that allows entrepreneurs to validate their disruptive cybersecurity concepts and prepare their companies for investment,” said Rick Gordon, MACH37 managing partner, in a statement. “The program brings together domain experts, successful cybersecurity entrepreneurs and investors familiar to the security market to create a platform that enables next generation technology to be deployed more rapidly.”