The nation's only dedicated cyber security accelerator, CyRise, has been selected to operate the NSW Government's $1 million Cyber Security Accelerator program, to be based within Sydney's Tech Central district.
Minister for Enterprise, Investment and Trade Alister Henskens said CyRise is a champion of startups in the Asia Pacific region and will help cement NSW as a leading global destination for cyber innovation, providing superior skills for businesses.
"CyRise is a proven cyber security startup accelerator with a strong record of helping fast-track businesses to grow, diversify and attract investment," Mr Henskens said.
"The global cyber security industry is expanding rapidly and presents a significant opportunity for local businesses to upskill their staff."
Sydney is Australia's leading city for cyber security, hosting over 120 businesses. Through the program, CyRise will offer three-day boot camps, a 14-week accelerator program for startups, 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," Mr Henskens said.
"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."
CyRise CEO Scott Handsaker said 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 startup'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 startups," Mr Handsaker said.
