Herndon, VA (PRWEB) December 16, 2013
Information security accelerator, MACH37, is currently accepting applications from information security startups and entrepreneurs for its Spring Cohort beginning March 17th. Applications may be submitted online at: https://www.mach37.com/apply. The deadline to submit is January 31st.
Rick Gordon, MACH37 Managing Partner, said, “The application process is highly competitive. Based on experience with the first cohort, companies should expect the process to be both highly rewarding and exacting. Starting a successful company isn’t easy. The program is here to provide the business and technical validation necessary to compete in today’s markets.”
MACH37 is looking for candidates that:
- Are building a disruptive information security technology product
- Have the will and endurance to turn their labor into commercial success
- Need help with startup capital, introductions, and navigating pitfalls
- Are seeking rapid growth through venture capital
- Are willing to be in VA for the entire 90 day program and commit to the venture full time
- Are ideally comprised of a team of 2-4
Upon acceptance into the program, companies receive $25,000 in exchange for a small amount of equity. 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 MACH37 network resources and support throughout the life of their enterprise.
MACH37™ is an information security startup accelerator focused on launching new product companies that will deliver the next generation of cybersecurity solutions. MACH37™ was conceived and developed by the Center for Innovative Technology and is supported by a community of hundreds of security leaders who contribute to company development. Over 100 organizations including Lockheed Martin, In-Q-Tel, General Dynamics, Northern Virginia Technology Council, Virginia Tech, Intel, New Enterprise Associates and the Department of Defense were instrumental in developing MACH37™. To learn more, please visit http://www.mach37.org.
About the Center for Innovative Technology
Since 1985, CIT, a nonprofit corporation, has been Virginia’s primary driver of innovation and entrepreneurship. CIT accelerates the next generation of technology and technology companies through commercialization, capital formation, market development and revenue generation services. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology start-up companies and advanced technology consumers. CIT’s CAGE Code is 1UP71. 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.