Microsoft, Akamai launch security startup accelerator in Israel
Microsoft is on the hunt for security startups in Israel, after launching a security-focused accelerator program in Tel Aviv in partnership with cloud services provider, Akamai.
By Leon Spencer
Microsoft and cloud services provider Akamai have joined forces to launch a security-focused startup accelerator program in Israel, in partnership with venture capital firm Jerusalem Venture Partners JVP.
The program, which is located at the Microsoft Ventures Accelerator in Tel Aviv, is aimed at providing security startups with mentorship and market expertise, helping them to accelerate their business and "create breakthroughs in cybersecurity", according to Microsoft.
JVP, which claims an investment portfolio including Playcast, XMPie, and Cogent, will offer a US$1 million investment in one of the security startups at the end of the program, and will be active in the selection process.