197:, former CIT chief Pete Jobse stated "What the accelerator is designed to do is make sure the concepts the markets that appear to be interesting for these new technologies are actually there for them". During the 90-day cohorts, MACH37 hosts a variety of events to foster connection across the cyber community, both locally in Virginia, Maryland and Washington, D.C., but also globally as companies and investors participate from countries across the world. MACH37 is known for providing an important platform and community where various cyber security industry leaders can speak, share ideas, and ultimately collaborate on key problems.
147:. In 2017 CIT partnered with VentureScope, a strategic innovation consultancy and venture firm, to revamp MACH37's operating model and curriculum. Following a successful partnership between CIT and VentureScope, MACH37 became fully owned and operated by VentureScope in 2020. MACH37 focuses primarily on honing and strengthening startups' product-market fit through extensive customer discovery and market research, expanding emerging companies' professional networks, fostering founder wellbeing, and providing emerging companies in the
220:, one of MACH37's sponsors. The following year in 2017, CIT made good on that request and began to transition the program toward private ownership by VentureScope. MACH37 is currently managed by experienced entrepreneurs, VentureScope CEO Jason Chen and COO Jennifer Quarrie, who have worked globally in strategy, innovation, venture, entrepreneurship, well-being, product development, regional economic development and change management.
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companies per year, and a growth stage accelerator that provides custom acceleration for more mature startups who are in the next phase of growing and scaling their businesses. MACH37 hosts their acceleration curriculum in a variety of forums to include live in-person sessions at their Tyson's office
190:
Each MACH37 Cyber accelerator 90-day cohort is intended to be an intense period of assessment, customer discovery, clarification, design, development, outreach and growth with the ultimate goal of finding product-market fit, market traction, additional investment. Companies conclude the program by
280:
experience and that have never run a company before. This has allowed participants to focus exclusively on product design and development while MACH37 aims to provide connections to financial backing that typically require additional resources and expertise from the startups. So far, 70% of MACH37
240:
as well as creating new jobs and establishing
Virginia as a cyber security capital. MACH37 was previously managed by a group known as the MACH37 Partners, which consisted of founders Rick Gordon, Dan Woolley, Robert Stratton, Tom Weithman, David Ihrie, and Pete Jobse, all of whom had previously
155:
named MACH37 'the
Granddaddy' of top cyber accelerators giving a nod to the fact that MACH37 was one of the first accelerators in the world dedicated to cyber and cyber adjacent technologies, and it has lasted far longer than many of its peer accelerators while strengthening over time. The name
231:
MACH37 has had 78 different startup companies as participants since its founding. The program was started in early 2013 as a division of the
Virginia Center for Innovative Technology (CIT) with support from Virginia's government as part of an initiative to provide new technology for the
315:
In July 2017, it was announced that Rick Gordon, Dan
Woolley and Bob Stratton were no longer at MACH37. Tom Weithman became the President of the company, Jason Chen became the managing director of operations, and Mary Beth Borgwing became the managing director of cyber.
173:
MACH37 offers three separate accelerator programs - a pre-accelerator for those early stage startups that need to establish themselves further before enduring the rigor of a full accelerator program, a cyber accelerator that runs two 90-day cohorts of 5-8 cyber
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space, special in-person sessions hosted in strategic partner spaces to facilitate collaboration, virtual live online sessions, as well as asynchronous sessions on their virtual platform. Like other accelerator programs, they offer the program in exchange for
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agreed to partially fund MACH37's operating budget. This new funding from
General Dynamics came at no reduction to the state budget for MACH37. This was considered the first major step of transferring control of MACH37 to the
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methodology at MACH37 as an efficient and successful approach to assist startups to rapidly adapt their search for a successful business model and test their hypotheses about customer needs and market demands.
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giving a presentation and answering questions in front of a panel of potential investors at a large community event known as Launch Day. In an interview with
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investments, to include some regional economic development partners like CIT who offer investment if companies establish or relocate to
Virginia.
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MACH37 has operated differently than other accelerators because it looks to accept founders with extensive technical backgrounds but limited
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relating to cyber security, but historically focused predominantly in the commercial sector. MACH37 was supported by
Governor
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participants in 2015 and 63% in 2016 received additional funding from private investors after completing the program.
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216:. However, in 2016, McAuliffe also expressed a desire to transition ownership share to private corporations such as
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Jason Chen, Jennifer
Quarrie, Diego Salinas, Daniel Martin, Simon Hartley, Ed Albrigo, David Ihrie, Tom Weithman.
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industry with access to investment capital and an immediate customer base. In an
October 2020 article
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MACH37 has been seen by some as an opportunity for emerging technology companies to gain access to
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143:-based Center for Innovative Technology (CIT) with funding from the Commonwealth of
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794:"Va.'s Mach37 accelerator hits critical milestones as investors get more selective"
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654:"McAuliffe announces new private sector sponsorship for MACH37 Cyber Accelerator"
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industry. Later, Pete Jobse, President of CIT, was succeeded by Ed
Albrigo.
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as well as partner with investors to help participants received initial
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769:"General Dynamics unit to partially fund Va. cybersecurity accelerator"
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843:"Mach37 management shakeup ousts Rick Gordon and others"
409:"3 Accelerators Solving Covid-19's Cybersecurity Crunch"
365:"3 Accelerators Solving Covid-19's Cybersecurity Crunch"
345:"3 Accelerators Solving Covid-19's Cybersecurity Crunch"
23:
American venture capital organization assisting startups
720:"Meet MACH37's newest class of cybersecurity start-ups"
551:"Mach 37, Virginia's new cyber accelerator, explained"
16:
This article is about the company. For the speed, see
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499:"Security: If you are in Virginia consider Mach 37"
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139:that was established in 2013 as a division of the
248:Initially, MACH37 was sustained entirely through
1700:Financial services companies established in 2013
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1619:Private equity and venture capital investors
385:"Website Design and Development for Mach 37"
160:of Earth's atmosphere. VentureScope applies
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1710:Venture capital firms of the United States
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1591:Taxation of private equity and hedge funds
1408:Private investment in public equity (PIPE)
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432:"About: Mach 37 Cybersecurity Accelerator"
32:
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998:New Jersey Economic Development Authority
744:"Team: Mach 37 Cybersecurity Accelerator"
284:As of 2016, MACH37 has partnerships with
1715:Business incubators of the United States
908:Business incubators of the United States
818:"MACH37 Adds MITRE to Network as Member"
296:, and Square 1 Bank and is sponsored by
214:University of Virginia's College at Wise
718:Ravindranath, Mohana (March 30, 2014).
336:
1705:American companies established in 2013
923:Advanced Technology Development Center
426:
424:
694:"Mach37 announces five new companies"
7:
1008:Pittsburgh Life Sciences Greenhouse
524:"Mach 37-Cybersecurity Accelerator"
497:Northcutt, Stephen (May 12, 2015).
1023:Sid Martin Biotechnology Incubator
1003:New Jersey Institute of Technology
792:Gregg, Aaron (November 20, 2016).
14:
767:Gregg, Aaron (December 8, 2015).
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156:'MACH37' is a reference to the
1391:Publicly traded private equity
1058:University City Science Center
549:Flook, Bill (April 12, 2013).
1:
1659:List of venture capital firms
1013:Portland Incubator Experiment
978:Interval Research Corporation
1639:List of private equity firms
1396:Business Development Company
943:Darden Progressive Incubator
555:Washington Business Journal
210:memorandum of understanding
194:Washington Business Journal
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1483:High-net-worth individuals
1273:Leveraged recapitalization
484:"Growth Stage Accelerator"
312:as a part of its network.
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1371:Limited liability company
1331:Venture capital financing
1278:Dividend recapitalization
1081:
928:The Alchemist Accelerator
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31:
456:"MACH37 Pre-Accelerator"
300:, General Dynamics, and
1438:Institutional investors
1063:US Market Access Center
602:"MACH 37 Fall Speakers"
576:"MACH 37 Fall Speakers"
212:between MACH37 and the
1576:Liquidation preference
1541:Distribution waterfall
1493:Sovereign wealth funds
983:LA Cleantech Incubator
304:. MACH37 also has the
1649:Venture capital firms
1401:Venture capital trust
1053:Teknekron Corporation
948:The Founder Institute
234:intelligence agencies
1720:Startup accelerators
1629:Private equity firms
1357:Private equity firms
1306:Post-money valuation
1183:Equity co-investment
824:. September 29, 2016
700:. September 23, 2016
256:state. In 2015, the
202:government contracts
1679:Portfolio companies
1596:Undercapitalization
1448:Insurance companies
1366:Limited partnership
1311:Pre-money valuation
973:Innovation Pavilion
958:Green Launching Pad
847:www.bizjournals.com
798:The Washington Post
773:The Washington Post
724:The Washington Post
628:"Governor-Newsroom"
608:. November 10, 2016
582:. November 10, 2016
470:"Cyber Accelerator"
298:Amazon Web Services
218:Amazon Web Services
137:startup accelerator
88:Number of locations
28:
1531:Capital commitment
1301:Business incubator
1268:Buy–sell agreement
1018:San Jose BioCenter
658:Augusta Free Press
326:Business incubator
286:Microsoft BizSpark
208:, who initiated a
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1536:Capital structure
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1263:Divisional buyout
1258:Management buyout
1253:Financial sponsor
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389:AmericanEagle.com
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530:. April 16, 2013
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660:. June 15, 2016
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634:. July 22, 2016
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606:LoudounSmallBiz
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135:is an American
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