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CyRise, the nation’s only dedicated cyber security accelerator has been selected to operate the NSW government’s $1 million cyber security accelerator program.
Set to be based within Sydney's Tech Central district, Minister for Enterprise, Investment and Trade Alister Henskens explains that CyRise will help "cement NSW as a leading global destination for cyber innovation", providing superior skills for businesses.
"CyRise is a champion of start-ups in the Asia-Pacific region.
"CyRise is a proven cyber security start-up accelerator with a strong record of helping fast-track businesses to grow, diversify and attract investment.
"The global cyber security industry is expanding rapidly and presents a significant opportunity for local businesses to upskill their staff," Henskens said.
According to the NSW government, Sydney is Australia's leading city for cyber security, hosting over 120 businesses.
CyRise will offer three-day boot camps through the program, a 14-week accelerator program for start-ups, and a new scale-up program for later-stage scaling businesses.
"This program will help companies sharpen their products, fine-tune business models and boost their connections with international investors," Henskens added.
"It will support businesses to ‘go global’ faster and attract cutting-edge talent to NSW, which will grow the economy and help secure a brighter future for our state."
Scott Handsaker, CyRise CEO, believes the "world-class and innovative program" will make NSW a beacon to the cyber security industry globally.
"We are thrilled to deliver a program that accelerates a start-up’s growth trajectory and delivers connections, customers and advice at the right time.
"We will work together to provide an unparalleled go-to-market for NSW cyber start-ups," Handsaker said.
[Related: Cyber criminals bolstering phishing campaigns with spoof social media sites]
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