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Startups selected to participate in LaunchVic-backed cyber security accelerator program

The Victorian Government has unveiled the startups that have been selected to participate in Australia’s first cyber security accelerator program – CyRise.

CyRise is jointly backed by Deakin University, Dimension Data, and LaunchVic – Victoria’s AU$60 million startup development agency. CyRise received AU$450,000 in August 2016 to deliver a cyber security accelerator program from LaunchVic’s first funding round.

Minister for Innovation and the Digital Economy Philip Dalidakis announced the group which includes Brooklyn Dynamics, CYDARM, NetCrypt and Cybercitadel.

The group of startups will participate in an intensive six-month program and be challenged to condense two years’ worth of growth into that six months. Each startup will receive AU$50,000 to support initial validation, product development, growth and scaling.

Participants will work alongside Deakin University researchers with tech expertise and travel to Israel and the US – two countries that are recognised around the world for their cyber security strengths.

Minister for Innovation and the Digital Economy Philip Dalidakis said, “CyRise is supporting the development of some the country’s most talented digital and cyber security startups right here in Victoria. Cyber security is one of the world’s fastest growing technology sectors. It will be a huge part of our future economy and support countless jobs.”

CyRise CEO, Scott Handsaker, said, “CyRise aims to provide mentoring from some of the country’s leading innovators and technology experts and expose them to the competitive cyber security sector so they are inspired to think big and achieve great things.”

The State Government of Victoria is providing strong backing to establish the state as a hub of cyber security infrastructure. Since last year, there have been announcement of the establishment of  CSIRO’s Data61 Cybersecurity Innovation Hub, the Oceania Cyber Security Centre, the collaboration with Oxford University’s Global Cyber Security Capability Centre, and a Melbourne-based node of the Commonwealth Government’s Cyber Growth Centre in Victoria. Recently, the Victorian government announced an investment of AU$1 million for Deakin University’s Bachelor of Cyber Security, which has been used to develop the degree and for industry certification licences, ensuring rigorous standards are met.

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