ESCRYPT supports IT security start-up incubator at Ruhr-Universität Bochum
“Creating security” is the new Cube 5 start-up initiative’s motto. Ruhr-Universität Bochum and the German Federal Ministry of Education and Research want to further enhance Bochum’s outstanding reputation for IT security with targeted support for spin-offs and start-ups. ESCRYPT is providing the start-up incubator with the office space and specialist support it needs.
Cube 5 officially got off the ground at an opening ceremony on May 9 held at ESCRYPT’s headquarters, with high-profile guests from politics, industry, and science in attendance. The Cube 5 start-up incubator is a project run by the Horst Görtz Institute for IT Security (HGI) at Ruhr-Universität Bochum (RUB), with funding from the German Federal Ministry of Education and Research.
In recent years, the Bochum area has become a unique IT security ecosystem for Europe, combining research, industry, and start-ups. ESCRYPT is firmly anchored in this ecosystem, having itself started out in 2004 as a spin-off from the HGI, and the company still maintains very close connections with the RUB: not only does ESCRYPT participate in research projects, it also offers students internships, fields of application for their final-year projects, and not least attractive career opportunities. So it is only logical that ESCRYPT should now also play an active part in supporting this IT security initiative.
The new incubator will provide comprehensive support to cyber security start-ups throughout the first phase of their life cycle. Cube 5’s main aims are to develop technical ideas until they are ready for the market and to show interested students and researchers that starting up their own business is an option. It will also accelerate the growth of young IT security companies and improve their chances of success.
At its headquarters in the heart of Bochum, ESCRYPT is providing Cube 5 with the necessary office space, which will serve as coworking space for the start-ups. In addition, ESCRYPT CEO Dr. Thomas Wollinger will be responsible for start-up management. “I’ve seen for myself just how valuable advice and support from experienced entrepreneurs and industry experts can be,” Wollinger says. “After all the support we’ve received in the past, I really want to give something back.”
Additional information on the Cube 5 start-up incubator is available online at https://hgi.rub.de/en/cube-5/.