CyRise Cyber Security Accelerator
CyRise is an early stage venture accelerator for cyber security founders.
Formed in partnership with Deakin University and Dimension Data, CyRise's focus is on early stage cyber security startups and giving them the mentoring and support to take their ideas to a global market.
Supported through LaunchVic's first funding round, CyRise funds early stage cyber security startups and accelerates development so the business is commercially viable sooner.
The six-month, mentor-driven program provides teams the chance to work with leaders in the cyber field, travel to Israel and the US and receive AU$50K funding as a part of a capped agreement for future equity. LaunchVic funding supported the first cohort of the CyRise accelerator, which supported 4 cybersecurity teams.
LaunchVic's funding for this program is now complete.
Program Details
| Program Location | Melbourne (Online delivery during COVID-19) |
| Industry Focus | Cyber Security |
| Length of Program | 6 months |
| Application Period | May - July |
| Program Engagement | Weekly workshops, Lunch 'n' Learns, Week-in-Progress meetings (WIP), one-on-ones, Open Office Hours, with the program culminating in a final demo day |
| Venture Stage | Early Stage |
| Program Cost | $0 program fee |
| Investment Structure | $50,000 as part of a capped SAFE note |
| Desk Space | Located at the Victorian Innovation Hub (Not available during COVID-19 restrictions) |
| Alumni | findingstartups.launchvic.org |
Visit the CyRise website for future programs and opportunities.