Story image

Melbourne accelerator programme seeks APAC cybersecurity startups

17 Jul 2017

A new cybersecurity accelerator program is set to launch in Melbourne this month, thanks to an incubator partnership between Deakin University and Dimension Data.

The program, CyRise, is now looking for early-stage cybersecurity entrepreneurs and professionals from across Australia, New Zealand and APAC to apply for the six-month program.

Participants will be based in Melbourne CBD coworking space Teamsquare and receive AU$50,000 in capital, as part of a capped SAFE note, the company states.

“A SAFE (Simple Agreement for Future Equity) is an agreement between an investor and a company that provides a right for the investor to receive equity in the future, without determining a specific price per share. It is simple to understand, meaning limited legal costs, and it enables founders to launch and prove the valuation of their startups at the next funding round."

Participants will progress through CyRise’s Corporate Partner Program that connects startups with early customers; travel to USA and Israel to build connection, learn and network; and pitch to investors for further funding at the end of the program.

Participants will also be mentored by security experts such Australian Cyber Security Growth Network CEO Craig Davies and COO Michelle Price, Dimension Data Group Australia CTO Debra Bordignon, Bugcrowd CEO Casey Ellis, and Culture Amp CEO Didier Elzinga.

CyRise CEO Scott Handsaker, says Victoria is an APAC hotspot for the cybersecurity industry.

“Where Australia is lacking in this space is in the commercialisation of ideas. There is so much talk around R&D, which is great to see, but how do we package up these findings and ideas in order to yield better commercial outcomes for the Australian economy?”

He says the aim of the project is to connect Australian corporates with innovative startups that are building ‘world-class’ cybersecurity solutions.

“Our ability to open corporate doors for our startups will help them grow globally, while allowing corporate Australia a rare inside look at the best cyber security solutions this country has to offer,” he explains.

“Our startups will get access to Deakin University’s field-leading researchers, as well as  Dimension Data’s commercial experience, and take advantage of this one-of-a-kind partnership to successfully take their ideas to a global market.”

Those interested in participating can visit Cyrise.co or attend the upcoming roadshow event. Dates are below.

  • Melbourne 27th July 2017 - Inspire9 (Richmond) - 6.00pm
  • Hobart 31st July 2017 - Enterprize - 6.00pm
  • Sydney 1st August 2017 - Fishburners - 6.00pm
  • Brisbane 3rd August 2017 - River City Labs - 6.00pm
  • Canberra 7th August 2017 - Entry29 - 6.00pm
  • Perth 8th August 20th - Flux - 6.00pm
  • Adelaide 11th August 2017 - Hub Adelaide - 5.00pm
NZ investment funds throw weight against social media giants
A consortium of NZ funds managing assets worth more than $90m are appealing against Facebook, Twitter, and Google following the Christchurch terror attacks.
Poly appoints new A/NZ managing director, Andy Hurt
“We’re excited to be bringing together two established pioneers in audio and video technology to be moving forward and one business – Poly."
NVIDIA announces Jetson Nano: A US$99 tiny, yet mighty AI computer 
“Jetson Nano makes AI more accessible to everyone, and is supported by the same underlying architecture and software that powers the world's supercomputers.”
Unity and NVIDIA announce real-time ray tracing across industries
For situations that demand maximum photorealism and the highest visual fidelity, ray tracing provides reflections and accurate dynamic computations for global lighting.
Slack doubles down on enterprise key management
EKM adds an extra layer of protection so customers can share conversations, files, and data while still meeting their own risk mitigation requirements.
NVIDIA introduces a new breed of high-performance workstations
“Data science is one of the fastest growing fields of computer science and impacts every industry."
Apple says its new iMacs are "pretty freaking powerful"
The company has chosen the tagline “Pretty. Freaking powerful” as the tagline – and it’s not too hard to see why.
NZ ISPs issue open letter to social media giants to discuss censorship
Content sharing platforms have a duty of care to proactively monitor for harmful content, act expeditiously to remove content which is flagged to them as illegal.