Cyber NYC Inventors to Founders
Cyber NYC, a $100M public-private partnership seeded by the New York City Economic Development Corporation, connects cyber investors and innovators to New York City’s robust entrepreneurial ecosystem with the goal of catalyzing the next generation of cyber startups. The Inventors to Founders (I2F) Initiative, launched by Columbia Technology Ventures, is designed to launch new cybersecurity and data privacy startups sourced from dorm rooms and research labs at premier academic institutions.
Launched in Summer 2019, I2F is an early stage startup accelerator and talent network for NYC cybersecurity and data privacy startups. I2F is developing targeted programs and financing to catalyze the commercialization of cutting-edge research and development of academia-affiliated startups in New York’s cyber security ecosystem. The I2F program is the early-stage launchpad for the Cyber NYC’s $100M initiative. It is made possible by our growing list of partners: New York City Economic Development Corporation, Bloomberg Beta, JVP, OUP and Team8.
There are two components to the I2F Initiative:
1. A “pre-seed” startup accelerator
Our first-of-its kind accelerator connects pre-seed cyber startups in NYC with capital, talent and the expansive networks of 4 world-class universities (Columbia, Cornell Tech, NYU and CUNY) and the New York City Economic Development Corporation. NYC university-affiliated startups accepted into our accelerator will receive non-dilutive and dilutive capital, mentorship, deep university support, and access to growth opportunities within the city’s cyber ecosystem. All early stage startups are encouraged to apply, even if they are in the company formation stage and do not have an incorporated entity yet. This program is open to all students, faculty, and alumni from NYC accredited academic institutions. University research teams are encouraged to submit their funded research outcomes for publication in academic journals, as usual.
2. A talent matching platform
We connect technologists coming out of university settings with c-level operators who can transform raw intellectual property and early-stage ventures into scalable, venture backed startups. We connect technologists with mentors, operators and c-suite talent and even offer significant grants to successful talent matches.
Cumulative Success Metrics
- 1 cycle administered
- 56 applications received
- 8 teams admitted to/went through accelerator
- 8 awards given
- $120K in funding awarded by CyberNYC to teams
- $630K awarded to teams in grants and investments from other sources after participating in CyberNYC