Irish security accelerator start-ups aim for €5m in funding

  • The CorkBIC International Security Accelerator announced that it's seeking €5m in funding for security start-ups under its programme.

    The International Security Accelerator took in its second round of applicants in mid October 2018, and following a 13-week intensive course, six teams have been selected to move forward and seek funding. The accelerator programme has identified six companies that it wants to get €5m in funding for, with the potential to create 30 new jobs.

    The scheme focuses on investing in early-stage companies with high potential to disrupt the existing market in areas such as cybersecurity, artificial intelligence, the internet of things, and blockchain. It offers 13 weeks of intensive workships and mentoring, technology development, and investor readiness training. The teams are then prepared to seek investment for their innovative new start-ups.

    William Dalton, Director EMEA IS & Corporate Technology, Trend Micro told the Irish News about the scheme: "It has been really interesting to watch these teams grow over the 13-week Accelerator and to watch the change taking place. The technologies involved are crucial in today’s connected world and there is no doubt there are some real rising stars in the group."

    "Winning the Most Investible Company is a huge validation of the progress we have made over the past 13 weeks…participating in the accelerator has helped us with refining our business proposition, getting investor-ready and ensuring we have the right ‘go to market’ strategy," commented Trustap founder Conor Lyden.

    Sources: CorkBIC Press Release

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