Symantec to incubate security startups with new VC partnership

[InfoSec News <alerts () infosecnews org>]

http://www.techworld.com/news/security/symantec-incubate-security-startups-with-new-vc-partnership-3619807/

By John E Dunn
Techworld.com
July 15, 2015

Symantec believes the future of security is out there somewhere and has 
set up a new partnership with VC firm Frost Data Capital to try and find 
it in the form of early-stage security startups.

Security firms have a long track for acquiring startups for intellectual 
property as well as seeding the occasional spin-off. What they still 
struggle to do is to tap into early-stage technology in an affordable and 
sustainable way.

Now the pair plan to incubate up to ten startups per year in the Internet 
of Things, big data analytics and healthcare sectors in an attempt to 
shorten the time it takes for the4se technologies to reach thr market.

While no investment sums have been revealed it’s an obvious tryout for an 
emerging ‘non-traditional’ model in which venture firms provide the 
entrepreneurial support and a security firm such as Symantec sanity checks 
the security technologies and engineering

[...]

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