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Estonia to host the first European defence AI and cybersecurity accelerator
In the spring of 2019, Estonia is to host the first European defence artificial intelligence and cybersecurity accelerator; early-stage startups in the field are invited to apply to take part in it.
The programme, called CyberNorth, is developed by the business-to-business accelerator, Startup Wise Guys, in collaboration with the Estonian Defence Industry Association and supported by the Estonian ministry of defence, the organisers said in a statement.
Cybernorth will start in March 2019 and run for three months in the Estonian capital, Tallinn.
Apart from the general network of over 150 Startup Wise Guys mentors, the CyberNorth programme will leverage the expertise of the Estonian defence industry and international cybersecurity, defence AI experts and practitioners, the organisers said.
An investment of up to €30,000
Startups selected to the programme will receive an investment of up to €30,000 with a follow-on possibility, a three-month hands-on intensive acceleration programme with a business development and cybersecurity focus, and access to a network of over 150 mentors and more than 100 investors. The teams will relocate to Tallinn and get free space in a modern co-working for the duration of the acceleration program, the organisers added.
Startup Wise Guys runs a boutique startup accelerator since 2012. It has accelerated more than 100 startups in 11 cohorts, focusing on B2B SaaS and fintech early stage startups.
The Estonian Defence Industry Association was founded in 2009 and it represents all the main defence and security industry related enterprises in Estonia. The association has 114 members.