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Three new companies join UMBC cybersecurity incubator

The University of Maryland, Baltimore County and Northrop Grumman Corp. last month expanded their Cync cybersecurity  program with three new companies, including the program’s first international one. The three firms joined the five companies currently at [email protected] Research and Technology Park in Catonsville.

The folowing three companies entered the Cync program:
  • iWebGate is relocating its headquarters from Perth, Australia, to Maryland. It is developing a multi-tenant security-tested network between private networks and the Internet;
  • DB Networks, of Silicon Valley provides behavioral analysis of database security equipment. It intends to grow its mid-Atlantic region; and,
  • Baltimore's Light Point Security, which is working on protecting corporate networks from web-based malware.

Northrop Grumman and UMBC jointly select the companies for the 18-month long Cync program, which began in 2011.
 
Chris Valentino, director of contract research and development for Northrop Grumman Information Systems in Annapolis says the program is for early-stage companies to grow and develop their cybersecurity products. He identified global security, data analytics and technology as areas that are of particular interest. Valentino says he also considers how the product fits into Northrop Grumman’s portfolio.
 
Northrop Grumman pays for Cync program companies’ office space and equipment at the UMBC incubator. Its own entrepreneur-in-residence at the incubator works with the companies on business plans and marketing.
 
Valentino says the Cync program is getting requests from companies outside the U.S. and elsewhere in the country. “They wanted to expand to Maryland specifically for the Cync program and to work with federal government,” he says of the companies.
 
Northrop Grumman provides a link to potential customers in the federal marketplace. “Our intention is to partner with the companies,” he says.
 
Ellen Hemmerly, executive director at [email protected], says there are more than 100 companies in the research and technology park. Of these, two-thirds are early-stage companies that are participating in one of its three incubators. Bwtech’s cybersecurity incubator has 35 early-stage companies and another 10 companies that are more mature businesses.
 
Of the 35 early-stage companies, eight are participating in the Cync program. She says that when the Cync program was established, there was not an absolute number set on the number of companies that could participate.

"We projected five to six companies at any one time, and we are staying within that framework.”
 
Sources: Chris Valentino, Northrop Grumman Information Systems; Ellen Hemmerly, [email protected] Research and Technology Park
Writer: Barbara Pash
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