In the fall of 2019, OXO Group launched its first cybersecurity incubation program in Central and Eastern Europe. Based on market analysis, there is a huge demand for cybersecurity solutions, especially as a result of the coronavirus epidemic, which has brought an increase in attacks on education, healthcare, and office systems.
The incubator is now focusing primarily on teams dealing with Industry 4.0 systems, the Internet of Things, smart home and smart city solutions, and marketable ideas in the field of fintech, medtech, edutech and defense innovation. Solutions should be relevant to the rapidly changing market environment from the Baltics to the Balkans.
OXO mainly expects ideas in the early stages, but according to managing director Gábor Illés, they can also be approached by a group that has already passed the startup phase and wants to develop and create its first prototype or launch a finished product.
As a result of last year’s incubation, the founders are extremely proud of the Hackrate team’s achievements, which not only made it into the top 50 cybersecurity innovations in the international press but also received their first round of investment.
OXO Cybersecurity Lab is also looking to stimulate innovation in cybersecurity. To this end, in October, the first hackathon for higher education students was organized and attended by more than 30 students, with the participation of the National University of Public Administration, the Budapest University of Technology and Economics and Semmelweis University.
Those interested can apply for the incubator’s program until November 30 on their website.