Cyber London, the European cyber security startup accelerator and incubator, has announced the launch of its second programme. The first started in January 2015 and wrapped up in July, with eight companies graduating and seven fast-tracked onto the next stage of their growth path.
Cyber London’s cyber security accelerator involves a 14-week programme where entrepreneurial teams with innovative business ideas are provided access to professional training and guidance from an extensive network of mentors and investors.
The accelerator encourages entrepreneurs with “innovative business ideas in the broad field of information and communications, aka cyber security” to apply.
Alex van Someren of Amadeus Capital Partners, a co-founder of Cyber London, said the success of the first programme had proven “the value that can be derived from bringing together the brightest new startups in a hothouse environment and plying them with the skills, knowledge and contacts that they need to get to the next stage of their evolution”.
At the end of the programme, the businesses will present their firms to potential customers, investors and partners at an in-house Demo Day. Those selected to participate in the programme will receive a £15,000 investment in their firms in return for three per cent equity, as well as the training, mentorship and access to office space.
Chris Wallis, co-founder of Intruder, one of the first batch of firms to graduate from Cyber London, said the accelerator was “the best possible start we could have had for our company”.
“Intruder was formed shortly before the accelerator began and CyLon gave us both the platform and the rocket fuel we needed to launch our business,” he said. “From the network of people we were introduced to, to the mentoring and review sessions which kept us on track and pushing forwards, the whole experience taught us more than we would have learned from years of going it alone.”
Applications for the next Cyber London are now open, with startup and growth-stage firms from across Europe encouraged to seek selection. Participants can include the very earliest stage teams through to established firms looking for support as they look to speed up development and reach new customers and markets.
Behind the scenes, the Cyber London Advisory Board also helps to define the strategy and content of the programme. Sir Iain Lobban , former director of GCHQ, Eileen Burbidge, partner at Passion Capital and new chair of Tech City UK, and Jon Bradford, former MD of Techstars London, currently sit on the board.
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