Virginia’s new MACH37 Cyber Accelerator recently opened at the Center for Innovative Technology (CIT) in Herndon, Va., just five months after the announcement of its creation.
The MACH37 accelerator program is designed to capitalize on Virginia’s expertise in the cybersecurity industry and help launch additional start-up companies developing innovative technology in this area.
The first five companies selected for this program are Cypherpath, Key Cybersecurity Inc., Pierce Global Threat Intelligence, CyberLingua, and Sikernes.
These companies will participate in two 90-day sessions. At the beginning of the first session, they will receive seed funding, followed by introductions to a network of cybersecurity experts and investors to help mentor and develop their products and technology.
At the end of the first 90-day session, the companies will go before a professional panel on Demo Day. If the presentation is successful, selected companies will receive additional funding and be allowed to participate in the second 90-day session.
The MACH37 Cyber Accelerator is modeled after the Y-Combinator, an accelerator program in Silicon Valley that has helped develop more than 460 companies. The MACH37 program helps cybersecurity entrepreneurs bridge the gap between idea generation and commercialization.
The program is named after the escape velocity of Mach 37, the minimum velocity needed to launch passed the earth’s gravitational field.
MACH37’s location at CIT is in the hub of the Dulles Technology Corridor, providing early stage companies access to a solid pipeline of high-tech employees.
In addition, CIT is partnering with Virginia Tech to develop a cyber test range available to MACH37 companies. This remotely-accessible test center will be located nearby at Virginia Tech’s Hume Center for National Security and Technology in Arlington, Va.
The MACH37 Cyber Accelerator is another shining example of how Virginia’s public and private institutions partner to create an innovate environment for entrepreneurs to create new products and technology.
To learn more about Virginia’s pro-business research and development opportunities, click here.
Governor McDonnell meets with members of the cybersecurity community during the MACH37 Cyber Accelerator grand opening event at CIT in Herndon, Va.