Herndon, VA (PRWEB) July 15, 2014
The MACH37™ Accelerator released a white paper today highlighting the rapidly expanding market for IT security innovation, the attractiveness of this segment for early stage investment, and the benefits offered by vertical market-focused venture accelerators to angel investors who want to participate in the sector.
“While the worldwide IT security market has grown to over $72B annually with a CAGR of nearly 8.4% percent per year, many angel and early-stage investors remain on the sidelines largely because of the perceived complexity of the industry” said Rick Gordon, Managing Partner at MACH37™.
“Many angel investors have not yet grown comfortable investing in cybersecurity startups. In general, seed stage investment in the sector is concentrated to relatively few investors in a few geographic regions.” He added, “However, by aligning with a cybersecurity-focused accelerator, angels will enjoy the benefits of the accelerator’s network of domain experts. These experts help address the perceived technical complexity and open up a pipeline of attractive and fully-vetted investment opportunities in the sector.”
The eleven-page report, available at MACH37.com describes:
For more information on the MACH37™ Accelerator, the ten companies funded by MACH37™ and the upcoming Fall 2014 program visit MACH37.com.
MACH37™ is the premier accelerator for information security entrepreneurs and startups. We go beyond the traditional model of typical business accelerators by bringing our innovators focused mentorship and support from our extensive network of visionaries, practitioners, and successful entrepreneurs in security. Our Spring and Fall sessions are designed to propel graduating companies into the marketplace, equipped with the skills to grow and compete for funding and market share. MACH37™ was launched in 2013 by the Center for Innovative Technology, in Herndon, Virginia. To learn more, please visit http://www.mach37.com and follow @MACH37cyber on Twitter.
About the Center for Innovative Technology
Since 1985, CIT, a nonprofit corporation, has been Virginia’s primary driver of innovation and entrepreneurship. To learn more, please visit http://www.cit.org. Follow CIT on Twitter @CITorg and add the Center for Innovative Technology on LinkedIn and Facebook.