If you have questions or need assistance with your application contact us at Accelerator@corkbic.com
Applications for the 3rd Cohort CLOSE on 31st of May 2019
This World Class International Secuity Accelerator is a 3 month Intensive Accelerator that will invest in early stage disruptive companies, in the areas of Cybersecurity, Internet of Things (IOT), Blockchain, AI, Health & Bioinformatics, Defence, Critical Infrastructure, Financial Services & Logistics.
We are looking for early stage Entrepreneurs who are using innovative technologies that solve real problems in Health & Bioinformatics, Cybersecurity and Internet of Things and Critical Infrastructure.
The Primary focus of the Accelerator will be on Building Capability in participants and enabling them to Scale their company by:
We are looking for in early stage companies developing products & services in the wider security Industry including, Cybersecurity, Internet of Things (IOT), Blockchain, AI, Health & Bioinformatics, Defence, Critical Infrastructure, Financial Services & Logistics
You should have a detailed business plan available and your product/service needs to be more advanced than an idea.
Up to 7 companies will be accepted onto the Accelerator
5 key selection criteria;
The International Security Accelerator invests €50,000 by way of a Convertible Loan Note
No, not necessarily but you will be required to set up an Irish registered company which will be facilitated by CorkBIC.
Office Space is provided for up to 9 months in a purpose built Accelerator space in Cork City Centre. Approximately 2,500 sq ft of fitted out co-working space is being provided on Eglington St, Cork. The space has its own door access onto Eglington St opposite the Elysian complex and is open from 8am to 8pm. Parking is next door and it is 5 minutes from bus, rail and 10 minutes from the International Airport. Coffee shops, restaurants, hotels and theatre on your doorstep.
CorkBIC are a public private-sector led organisation, specifically set up to identify and build knowledge intensive companies based on promising technology and capable innovative people. CorkBIC plays a hands-on role helping entrepreneurs and startups navigate the minefield of raising finance, sorting out business propositions, arranging agreements with shareholders and investors, and, perhaps most important of all, finding customers. Click here to find out more about CorkBIC
The Accelerator space is available for participants for up to nine months. CorkBIC will continue to play a hands-on role assisting participants to navigate the minefield of raising finance, sorting out business propositions, arranging agreements with shareholders and investors, and, perhaps most important of all, finding customers. CorkBIC works with many scaling companies in particular those who are looking to grow, expand, internationalise and scale their business. We work closely with Enterprise Ireland to assist these scaling companies get HPSU funding as well as other financing which will enable them to grow rapidly.
Yes, where possible
No we will only accept teams (a minimum of 2 people) onto the Accelerator. As part of the Accelerator programme you will get:
There is plenty of accommodation available in Cork, particularly close to the city centre and we can point you in the direction of local agencies who can assist you.
Convertible Loan Note Scenarios
NB: This summary document is intended to provide guidance only and does not constitute a legally
The key terms of the International Security Accelerator (ISA) Convertible Loan Note (CLN) are as follows:
Example 1: Company raises €2,000,000 at a €10,000,000 pre-money valuation
Example 2: Company raises €500,000 at a €1,800,000 pre-money valuation
Example 3: Company raises €250,000 at a €575,000 pre-money valuation
The ISA Tech Expert Group is available throughout the ISA programme to work directly and in depth with the participating technical teams. The group is carefully selected and made up of tech experts that have developed technology led companies to scale internationally. The group members are the unique blend of highly skilled technologists with a clear understanding of how to commercialise technology and the track record of having built technology companies several times. The ISA tech experts will ensure that your tech team are developing a system architecture that supports scale, products that fit the market and support services that deliver lifelong customers, by working one to one with the participating CTO/CEO team.
Didn’t find what you were looking for email us at Accelerator@corkbic.com with your questions