With security becoming a growing concern, Kaspersky Labs has invested in an online program to give security startups the opportunity to come forth and make the world a safer place. The initiative also involves several venture capital firms that are looking to finance those with bright prospects.
What is the Security Startup Challenge?
The Security Startup Challenge (SCC) is a security-based accelerator program that is also, in part, a startup competition. The program invites young, intelligent, and talented entrepreneurs to bring forth their approaches, ideas, and technologies.
Through the competition, Kaspersky seeks to get a closer look at new security-based business innovations. Meanwhile, the participating venture capital firms are looking to enhance their security-related portfolios, with the opportunity to step in and pick up any of the promising early stage businesses they find worthy of investment.
Who can apply for the competition?
The program is open to startups based anywhere in the world, as the three-month program is mostly conducted via online sessions. The only requirement for participation is that candidates must be 18 to 35 years of age.
What can the selected candidates expect?
Selected candidates can look forward to expert guidance in the field of security and business from over 30 mentors, which will be delivered via live online sessions. The competition will run its course from March to August, with the accelerator program commencing in May.
The finale will be held in August at the Massachusetts Institute of Technology in the U.S., where seven shortlisted teams will face off for a total prize money of $80,000, funded by Kaspersky Labs. The price money will be divided among three teams, with first, second, and third prize being $50,000, $20,000, and $10,000 respectively.
What is the deadline?
The application process has already commenced and will last till April 28, 2015. Those interested may register and apply here.