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Virginia accelerator welcomes new cohort of cybersecurity companies

2/09/2014 by

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A business accelerator created specifically for cybersecurity start-ups in Virginia will welcome a new cohort of companies Tuesday, one year after its doors opened with the goal of establishing the commonwealth as a hotbed for the cybersecurity industry.

Among the companies is the developer of a database where companies can securely store customer information, such as credit card numbers, and the creator of software that makes messaging on Facebook Chat private and confidential.

The start-ups accepted into the three-month MACH37 program, which is funded with state money, receive a $50,000 investment, access to a network of mentors and instruction on how to develop their ideas into viable businesses.

“We want to create companies that can be sustainable and that we can get a return on investment from,” said Rick Gordon, the program’s managing partner.

The program also wants those companies to stay in Virginia.

The commonwealth is competing with a number of areas around the country, including neighboring Maryland, to become a hub for companies that sell cybersecurity software and other technology to both the federal government and commercial industries.

Spending on cybersecurity technology has risen dramatically in recent years as government agencies, their contractors and other corporations experience a growing number of cyberattacks that are both increasingly sophisticated and damaging.

This article has been extracted from http://www.washingtonpost.com/, pleease click on this link to read the article in full http://www.washingtonpost.com/business/capitalbusiness/virginia-accelerator-welcomes-new-cohort-of-cybersecurity-companies/2014/09/01/df730ec4-2fbf-11e4-994d-202962a9150c_story.html

Montash is a multi-award winning, global technology recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

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