Cathy Jett is the assistant business editor at The Free Lance-Star, and specializes in covering the area's retail scene.
MACH37 Cybersecurity Accelerator is accepting applications
MACH37, an information security accelerator, is accepting applications from information security startups and entrepreneurs for its spring cohort beginning March 17.
MACH37 is an information security startup accelerator focused on launching new product companies that will deliver the next generation of cybersecurity solutions. It was conceived and developed by the Center for Innovative Technology and is supported by security leaders who contribute to company development.
The companies include Lockheed Martin, In-Q-Tel, General Dynamics, Northern Virginia Technology Council, Virginia Tech, Intel, New Enterprise Associates and the Department of Defense.
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 Virginia for the 90-day program and commit to the venture full time
- Are ideally comprised of a team of 2 to 4
“The application process is highly competitive,” said Rick Gordon, MACH37 Managing Partner. “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.”
Companies accepted into the program 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.
Applications may be submitted online at mach37.com/apply. The submission deadline is Jan. 31.