St. Louis Based Accelerator, Six Thirty Cyber, Partners With South Korean Government
When the South Korean government realized that they had 5 cyber security startups that could really use some help in the U.S. markets they called upon Jay De Long and the team at the Six Thirty Cyber accelerator based at St. Louis’ T-Rex Incubator.
The Six Thirty program invests $250,000 annually into startups that run through it’s three month cohort based acceleration program. In addition to a cash investment for equity, startups that go through the program receive valuable mentorship and introductions to clients and outside funding. This helps those companies grow in the highly competitive cyber security space.
Six Thirty Cyber was born out of the original Six Thirty accelerator and fund, which originally was for fintech startups. Cyber security and fintech actually go hand in hand, with a bulk of cyber security companies and startups innovating in the financial space.
St. Louis NPR affiliate KBIA, reports that Missouri Governor Eric Greitens attended a ceremony in South Korea late last month honoring the five startups and ten entrepreneurs that will be traveling to St. Louis.
DeLong and the South Korean Government, have created a customized program for these specific startups. They will stay in the U.S. for a month and work out of T-Rex. They’ll also get a more intense, faster, mentoring program and introductions to possible clientele and outside funding. Six Thirty Cyber will not make a cash investment into the startups, however the abbreviated program will hopefully prepare these startups for the marketplace and investment.
“We’re going to have a competitive advantage to have those companies set up their U.S. operations right here,” Delong told KBIA. “Once they put shoots down then we hope they’ll grow into roots and then they’ll be long-term residents of our economy.”
Check out Six Thirty Cyber here.