CSIT Labs announces the five cybersecurity startups chosen to join its second cohort

Popular News Tags (5578)

  • CSIT Labs, the cybersecurity incubator based at QUB’s Centre for Secure Information Technologies (CSIT), has revealed the details of the five cybersecurity startups chosen to join the second cohort of its incubator programme. 

    The Belfast-based startup incubator is designed to help new cybersecurity companies start up, engineer minimum viable products that have clear product/market fit and then scale up by commercialising those products.

    Applications to this year’s programme increased significantly, highlighting the growing market opportunity for new cybersecurity solutions.

    Following a competitive application and review process a diverse group of entrepreneurs drawn from across the UK, including the heart of London’s financial district, the South West, Belfast and two spin-out companies from Cambridge University and Coventry University, were selected.

    The companies joining cohort 2 are:

    • Pico Authentication
    • Uleska
    • AutoCAN Security
    • Immersive Labs
    • Circadian

    The chosen teams will now join a 9-month managed incubator programme which, rather uniquely, provides the companies with up to 3 man-months of funded engineering development resource, to take ideas and promising research in the field of cybersecurity through to investment and market-ready stage. This engineering resource alone represents a £30,000 value at a time when new ventures have been finding it particularly challenging to gain access to cybersecurity research and development resources, and is an element that makes CSIT Labs a globally unique cybersecurity incubator.

    Commenting on the new intake Louise Cushnahan, CSIT Labs Innovation Manager, said: “Our Innovation Review Board have worked diligently to review and select companies with a strong mix of technical challenge and market opportunity for this cohort. We look forward to working with them over the next nine months to iterate and validate their offer, putting them on a firm foundation to scale-up and meet the global demand for innovative cyber security solutions”

    Dr David Llewellyn-Jones, Co-Founder of Pico Authentication, said: “CSIT’s engineering support is unique amongst the cyber security accelerators. By actually helping build the software, we’ll be able to go to potential clients with a real product rather than just the offer of a future solution.”

    Gary Robinson, CEO of Uleska, added: “Uleska will utilise CSIT’s engineering expertise to build advanced features into our SecureDesigner product, allowing customers to benefit from CSITs experience in cyber security.”

    CSIT, a recipient of The Queen’s Anniversary Prize for Higher and Further Education in 2015 for its market impact, was established as the UK’s national Innovation & Knowledge Centre (IKC) for cybersecurity in 2009 with funding from the Engineering and Physical Sciences Research Council (EPSRC) and Innovate UK, with additional support from Invest Northern Ireland.

Share this story

Recommended News

Northern Ireland News

All Northern Ireland News

Trending News

All Trending News

Innovation News

All Innovation News

World News

All World News