CYBER

New cyber accelerator program launches in Virginia

New partnership with Virginia Tech also establishd

https://www.mach37.com/Virginia is trying a new approach to lure cyber entrepreneurs to the state with a program to accelerate start-ups.

Backed with $2.5 million in money from the state, the MACH37 Cyber Accelerator program launched on Thursday, and the first round of companies were selected.

The MACH37 program is a public-private and market-centric cybersecurity accelerator, located in Herndon, Va., at the Center of Innovative Technology. Mach 37 is the minimum escape velocity needed for a rocket to leave Earth's atmosphere, meant to represent the gusto that companies need to push into new markets.

Supported by Virginia Gov. Bob McDonnell, who helped raised $2.5 million to run the program for two years, MACH37 is meant to increase the number of qualified cyber firms in the state, and of course, one of the biggest customers for cyber solutions, the federal government, is conveniently located nearby.

The program is designed to fuel disruptive cybersecurity concepts, and is tailored to each cohort, said Rick Gordon, recently hired managing partner of MACH37.

It is made up of two 90-day sessions per year, and focuses on launching cyber startups. Upon entry into the program, companies receive an investment from the CIT GAP fund, and receive a second investment at the end if they are able to successfully pitch a demo idea to private investors. 

The first batch of companies in the program are:

  • Cypherpath
  • Key Cybersecurtiy
  • Pierce Global Threat Intelligence
  • CyberLingua
  • Sikernes

In addition to launching the program, CIT announced a partnership with Virginia Tech, and will develop a networked, remotely-accessible virtualized test environment housed in the Hume Center at Tech's facility in Arlington, Va.

More information on the MACH37 program is available here.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.