Herndon, VA (PRWEB) December 14, 2016
The MACH37 Cyber Accelerator has officially announced it will begin accepting applications from information security product startups and security entrepreneurs for its Spring 2017 (S17) Cohort that begins on March 14th. The MACH37 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.
MACH37 encourages entrepreneurs with emerging products and companies to apply for the S17 Cohort, which will be limited to 8 companies. The program is open to startups from any geography whose founders are ready to immerse themselves in a mentorship program designed to produce the next generation of leading security product companies. The program brings together domain experts, successful security entrepreneurs, buyers, and investors familiar with the security market into a platform that supports the rapid launch of next generation security technologies.
Upon acceptance into the program, participants receive a $50,000 investment to develop and launch their ideas into the market. MACH37 companies receive ongoing access to the MACH37 Stars Mentor Network and will have support of our network throughout the life of their enterprise.
On December 6th, the Fall 2016 (F16) cohort session concluded at the F16 Demo Day where graduating companies presented to a crowd of over 180 external mentors, investors and industry experts. With the graduation of the F16 Cohort, MACH37 has helped launch 40 cyber companies in just three years of operation. Many of the companies in the MACH37 portfolio reached significant milestones within the past 6 months, including; Virgil Security Inc. raised a $4M Series A round, Atomicorp Inc. raised a $1M Seed round, and Cyber Algorithms announced an acquisition by Thycotic.
“The program that we have developed allows entrepreneurs to quickly validate new cybersecurity concepts and rapidly scale their businesses to reach the market more quickly. Our unique curriculum and design not only places a heavy emphasis on the validation of product ideas but also stresses the development of relationships that will effectively produce an initial customer base and investment capital,” said Rick Gordon, MACH37 Managing Partner. “We are on the hunt to find entrepreneurs and security experts who will help build the next wave of disruptive security technology. If you’re an entrepreneur solving a difficult security challenge in a novel way, we would like to hear from you.”
MACH37 is looking for candidates who:
- Are building a disruptive information security technology product
- Are delivering foundational security capabilities that enable entirely new products & markets
- Have the will and endurance to turn their labor into commercial success
- Have ideally built a team of 2-4 co-founders
- Need help with startup capital, introductions, and navigating pitfalls
- Are seeking rapid growth through venture capital
- Are willing to be in Virginia for the entire 90 day program and commit to the venture full-time
To apply, visit http://www.mach37.com/apply and fill-out the online application. MACH37 will be accepting rolling submissions but participants are highly encouraged to apply as soon as possible.
About MACH37™, http://www.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, buyers, 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, http://www.cit.org
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. Follow CIT on Twitter @CITorg and add the Center for Innovative Technology on LinkedIn and Facebook.