Here's what participants got out of Dreamit's first cybersecurity-focused accelerator - Technical.ly Philly

Business

Jan. 16, 2019 7:09 am

Here’s what participants got out of Dreamit’s first cybersecurity-focused accelerator

The SecureTech program led to 80 percent of companies gaining customers or developing points of contact, said Managing Director Bob Stasio.

Dreamit's SecureTech program takes companies through 14-weeks of programming.

(Courtesy photo)

The inaugural cohort in Dreamit’s SecureTech accelerator program, launched last summer in a bid to spot early companies in the budding cybersecurity market, spent 14 weeks getting coaching, entrepreneur-focused programming and intros to investors.

The net was positive for the seven companies involved — all of which hail from outside of Philly — according to Managing Director Bob Stasio, the former Army vet and IBM exec in charge of the accelerator.

“Around 80 percent of the SecureTech startups gained customers or points of contact,” Stasio said. “One startup gained two paid trials within a week of meeting a large bank and a government org during a Dreamit Customer Sprint.”

During the second portion of the accelerator, dubbed the Investor Sprint, each company met with 15 investors across Silicon Valley, New York and Washington D.C. Most, Stasio said, are in follow-up discussions about potential investment.

For Manoj K. Srivastava, cofounder of Reston, Va.-based startup Graphus, getting intros to chief information security officers and other execs at Fortune 1000 companies was a highlight of participating in the inaugural cohort.

“It’s a fantastic program to boost your customer development mindset and process,” Srivastava said.

Advertisement

Why should companies apply for the upcoming cohort? Stasio said the three-month sprint lets founders learn strategies for selling to large, enterprise-level companies, luring key customers or raising venture capital.

The program does not directly invest in startups in exchange for equity, a habitual playbook for accelerators. Rather, Dreamit Ventures locks down the right to invest in companies’ upcoming funding round. Companies can participate remotely, in keeping with the company’s 2015 model shift.

Here’s how to apply.

Organizations: DreamIt Ventures
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Pitch to speak at Comcast Labs Connect’s data security conference

Two Philly companies are joining an accelerator inside the ‘largest medical complex in the world’

This 350-year-old company is getting into the accelerator game

SPONSORED

Philly

This rising fintech startup is helping make life’s expenses easier to manage

Philadelphia

Perpay

Software Engineer: E-Commerce (PHP)

Apply Now
Philadelphia, PA

Linode

QA Automation Engineer

Apply Now

NextFab is seeing more out-of-state companies apply to its RAPID accelerator

AT&T’s Aspire Accelerator is looking for disruptive edtech orgs

The US should sign this global cybersecurity pledge, says Temple prof

SPONSORED

Philly

Pitch to speak at Comcast Labs Connect’s data security conference

Philadelphia, PA

Linode

Senior Software Engineer – Kubernetes

Apply Now
Chesterbrook, PA

Deacom

EDI Specialist

Apply Now
Chesterbrook, PA

Deacom

Software Developer Internship – Summer 2019

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!