IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Government and Deloitte-backed cyber security startup accelerator returns for second intake

The Cyber Runway accelerator is accepting its second cohort with its support programme placing special focus on sustainability and diversity

Applications for the second intake of the DCMS and Deloitte-backed Cyber Runway startup accelerator have opened today.

Run by Plexal, which also runs a host of other government-backed accelerators and development schemes, the cyber security accelerator is now accepting applications for its second ‘cohort’ of UK-registered startups after the first round saw 107 entrepreneurs benefit from the initiative.

Cyber Runway said up to 100 more startups will be accepted to the programme which will run over the course of six months. 

Supported startups will receive an extensive package of support including business masterclasses, one-to-one mentoring, access to investors, technical support, and more. 

There will also be dedicated learning opportunities on how to build a sustainable business with modules on how to achieve net-zero targets

Cyber Runway said every accepted startup into the second cohort will keep the entirety of their intellectual property (IP) and equity. 

It also claims to be the UK’s “largest most diverse cyber accelerator”. It sees diversity as one of the biggest challenges facing the cyber security industry and sets several representation goals for its cohorts.

Cyber Runway aims to have 30% of its companies being female-led projects, 40% to be based outside of London, and at least 15% coming from Black, Asian, and minority ethnic (BAME) backgrounds. 

In its first cohort, 45% of member companies were female-led startups and 52% were run by founders from BAME backgrounds. Cohort members also receive training on how to build inclusive business policies.

The accelerator is formed of three ‘streams’ - support programmes designed differently for companies at different stages of development - called Launch, Grow, and Scale.

Cyber Runway is now accepting applications for the Grow and Scale streams only. Eligible startups will be anywhere between pre-seed and Series B and above on their capital-raising journey, looking to grow further.

The Launch stream is different to Grow and Scale in that instead of a six-month support programme, members undergo a one-week bootcamp to gain skills and develop their idea into a real cyber security business.

Related Resource

Modernise the workforce experience

Actionable insights and an optimised experience for both IT and end users

whitepaper cover with background image of city buildings overlaid with circular shorts of staff working in different locations with different techFree Download

Previous members of the Grow stream saw a 20% increase in revenue, an 8% increase in investment and a 22% increase in headcount by the end of the programme, Cyber Runway said, and Scale graduates saw a 45% increase in revenue, a 14% increase in investment, and a 71% increase in headcount.

“The economic and geopolitical necessity for a thriving cyber security ecosystem has never been greater,” said Saj Huq, Chief Commercial Officer at Plexal.

“As the UK’s largest cyber accelerator, Cyber Runway provides a uniquely scaled platform for growth at the heart of the UK’s innovation ecosystem, that is designed to support bold, ambitious and diverse founders to realise their potential. We encourage any startup that is serious about their growth to apply and collaborate with us.”

Applications are open until 29 July and both Grow and Scale streams are slated to begin in September. 

Featured Resources

The Total Economic Impact™ Of Turbonomic Application Resource Management for IBM Cloud® Paks

Business benefits and cost savings enabled by IBM Turbonomic Application Resource Management

Free Download

The Total Economic Impact™ of IBM Watson Assistant

Cost savings and business benefits enabled by Watson Assistant

Free Download

The field guide to application modernisation

Moving forward with your enterprise application portfolio

Free Download

AI for customer service

Discover the industry-leading AI platform that customers and employees want to use

Free Download

Most Popular

Why convenience is the biggest threat to your security
Sponsored

Why convenience is the biggest threat to your security

8 Aug 2022
Google is now spending a staggering amount on blockchain
Business strategy

Google is now spending a staggering amount on blockchain

17 Aug 2022
UK water supplier confirms hack by Cl0p ransomware gang
ransomware

UK water supplier confirms hack by Cl0p ransomware gang

16 Aug 2022