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Seven finalists will receive an award of $10,000 from NYC to test their proposals in the city, and be given the opportunity to partner to deliver solutions to local small businesses.
New York City and Jerusalem Venture Partners (JVP) have named 18 finalists for the city’s NYCx Cybersecurity Moonshot Challenge.
The challenge is a key component of New York City Economic Development Corporation’s (NYCEDC) Cyber NYC initiative, a $100m public-private investment aimed at transforming NYC into a global leader of cybersecurity innovation and talent.
The 18 finalists were chosen from 169 proposals received; 11 will compete for possible investment by JVP while seven finalists will receive an award of $10,000 from NYC to test their proposals in the city.
They will also have the opportunity to partner with NYC to deliver their solutions to local small businesses, and structured support to provide solutions into international markets.
“We recognise that making New York City a strong and fair city means ensuring technology is designed and delivered to meet the needs of all New Yorkers, including our sizable small business community,” said John Paul Farmer, chief technology officer, NYC
“The NYCx Cybersecurity Moonshot Challenge is a great example of global partnership and innovation and using technology for good.”
To elevate awareness of the challenge and increase the number of quality applicants, the city established a consortium of international partners, including, Israeli venture capital firm, JVP, and government organisations from Israel, Japan, South Korea, Singapore, Berlin, Helsinki, London, and Paris.
“The NYCx Cybersecurity Moonshot Challenge is a great example of global partnership and innovation and using technology for good”
As a result, the challenge attracted innovative cybersecurity companies from all over the world. Applicants addressed cyber needs such as application security, authentication, cloud security, end point and network security, privacy, and Internet of Things (IoT) security.
“It’s no secret that the threat of cyberattacks is one of the world’s most pressing challenges. “That is why New York City has set out to become the global leader for the cybersecurity industry,” added Ana Ariño, chief strategy officer, NYCEDC.
“The Cyber NYC Moonshot Challenge is a first of its kind public-private partnership that brings top cyber companies and talent to New York City. We’re proud of the incredible response to this competition from a diverse, innovative and international group of applicants, and are excited to support these companies in New York City’s vibrant cyber ecosystem.”
Seven finalists will receive an award of $10,000 from NYC to test their proposals in the city, and the opportunity to partner with it to deliver solutions to local small businesses, and international partner support to enter markets in Israel, Japan, South Korea, Berlin, Helsinki, London, and Paris:
11 finalists will be eligible for over $1m investment from JVP and acceptance into its inaugural Cyber NYC cybersecurity accelerator cohort, designed to help propel their growth and footprint in NYC:
The NYCx Moonshot Challenge finalists will pitch their approach in New York City to city officials, undergo rigorous technical testing led by NYC Cyber Command (C3) and receive real feedback from small business users.
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