New York city has started a competition that reaches out to industry experts to find affordable and new ways to help mid-size and small businesses in the Big Apple to stay safe from hackers. The cybersecurity Moonshot challenge was launched by New York city economic development corporation (NYCEDC), NYC cyber command (C3), Mayor’s office of the chief technology officer (MOCTO), in collaboration with Israeli VC fund Jerusalem Venture Partners (JVP).
The winner of this competition gets a one-million-dollar investment from JVP. Additionally, four to eight finalists will get an award of up to twenty thousand dollars from the municipality to test their proposal in New York city and finally target the international markets.
JVP said that start-ups from all around the world could apply for this challenge with February eighth being the deadline to submit a description of the concept. The winner or the winners would be declared in the summer, the NYC mayor’s office of the chief technology officer said.