South African digital document certification startup Verity has been selected to take part in the 14-week Cyber London (CyLon) cybersecurity accelerator programme, receiving GBP15,000 (US$23,000) investment in return for three per cent equity.
Cyber security startup accelerator and incubator CyLon was founded in January, aimed at addressing the lack of a specific project to support early-stage cyber security entrepreneurs trying to create commercially viable businesses.
Its 14-week accelerator programme, the first of which ran between April and July this year, combines intensive collaboration, professional training and mentorship, drawing on the expertise of seasoned entrepreneurs, academic cyber security researchers, government officials and senior executives of customer organisations.
South African startup Verity, which enables organisations to prevent document forgery through digital document certification, was selected alongside seven other startups from countries such as the United Kingdom (UK), Finland, Hungary, Israel and Brazil to take part in the programme.
“The breadth of talent in the early stage cyber security sector continues to fill us and our partners with confidence in Cyber London’s value to both entrepreneurs and the wider economy,” said Kirsten Connell, managing director of Cyber London.
“I look forward to working with the teams over the coming months and helping them to go from strength to strength.”
At the end of the programme, the companies will present their businesses to potential customers, investors and partners.