Cybersecurity accelerator MACH37 seeks Spring 2016 applicants - Technical.ly DC

Software Development

Nov. 23, 2015 7:23 am

Cybersecurity accelerator MACH37 seeks Spring 2016 applicants

Build your startup during this 90-day program. It comes with a $50,000 investment for an 8 percent cut.
Apply to join the next MACH37 cohort.

Apply to join the next MACH37 cohort.

(Photo by Flickr user Perspecsys Photos, used under a Creative Commons license)

The Herndon, Va.-based cyber accelerator MACH37 announced yesterday that they have opened applications for their Spring 2016 cohort.

Eight companies will eventually be selected to take part in the 90-day program beginning in March. Accepted companies will receive $50,000 in investment on day one, and then, following the completion of the program, up to $100,000 in matching funds will be available for companies based in Virginia. In most circumstances, MACH37 requests 8 percent in equity against their investment (that would value your company at $625,000, though, of course, the valuation game can be a bit more complicated than that).

Ideal companies are:

  • Building a disruptive information security technology product
  • Delivering foundational security capabilities that enable new products and markets
  • Committed to turning their labor into commercial success
  • Seeking help with startup capital, introductions and navigating pitfalls
  • Looking for rapid growth through venture capital
  • Willing to be based in Virginia for the entire 90-day program, and commit to the venture full-time
  • Consist of a team of 2-4 cofounders

If this describes your cybersecurity startup, applications are now being accepted here.

Companies: MACH37
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