NYC names winners of small-business cybersecurity challenge

Three companies were on Tuesday selected as winners in a New York City competition designed to promote the development of affordable, cutting-edge cybersecurity tools for small businesses.

The competition, called the NYCx Cybersecurity Moonshot Challenge, was launched last October as a way to provide cybersecurity solutions to New York’s 240,000 small and midsize businesses that lack the financial, physical or educational resources to protect themselves against cybercrime.

The Mayor’s Office of the Chief Technology Officer, New York City Economic Development Corporation and NYC Cyber Command selected the winners, all of which will be eligible for a spot in Hub.NYC, the public-private cybersecurity startup accelerator being built by the Israeli venture-capital firm Jerusalem Venture Partners. At least one winner will also receive a $1 million investment from JVP, which sponsored the competition along with other venture-capital firms from Japan, South Korea, Singapore, Berlin, Helsinki, London and Paris.

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