Five South Korean startups will be journeying to St. Louis, Missouri, next month with the help of SixThirty CYBER, a business accelerator that invests $250,000 annually into cyber security startups. SixThirty CYBER will help the startups to further develop their technologies and will introduce them to Missouri companies in the cyber security field.
“Missouri is excited to welcome these talented entrepreneurs as part of SixThirty CYBER’s and South Korea’s innovative new program,” said Missouri Governor Eric Greitens.
The five companies will work out of T-REX, the startup incubator located in downtown St. Louis, while visiting Missouri. During this time the companies will be introduced to possible clients and capital opportunities, with the ultimate goal of having the companies set up roots in the Show-Me state.
“We’re going to have a competitive advantage to have those companies set up their U.S. operations right here,” said Jay De Long, general partner, SixThirty CYBER. “Once they put shoots down then we hope they’ll grow into roots and then they’ll be long-term residents of our economy.”
SixThirty CYBER says it plans to invest $10 million into cyber security startups over the next five years, and it is just one of the many organizations helping to make Missouri a hub for cyber security companies. The newly formed Midwest Cyber Center of Excellence works extensively across Missouri leading workforce development, youth education and information sharing initiatives, and Missouri is home to the western campus of the National Geospatial Intelligence Agency (NGA). At the same time, organizations like LaunchCode and Claim Academy are delivering coding and IT talent at an accelerated rate for Missouri employers.
For more information on expanding in Missouri contact Steve Johnson, CEO of Missouri Partnership, at 314.725.2688 or via our contact form, with any questions you might have, and learn how Missouri Partnership can help with your business expansion and investment needs.