Unlocking Opportunities in the U.S. Cybersecurity Market
Discovering the Cyber Frontier: a recap of the DMV Economic Mission
Published / January 2024
Contact / Martine Koole
From October 15th to 20th, 2023, a select group of pioneering cybersecurity companies, including aXite Security Tools, DTACT, EclecticIQ, ON2IT, Radically Open Security and Ubiqu, ventured on a economic mission across the United States. Their destination? The thriving cybersecurity landscapes of Washington D.C., Maryland, and Virginia (DMV). This mission is part of a multi-annual public-private program (PIB Cybersecurity US) focusing on trade promotion, innovation, knowledge sharing, and acquisition, with a particular emphasis on cybersecurity.
Ranked as the fifth largest regional economy in the United States, the DMV area is not only a hub of political power but also home to one of the world’s top three regional cybersecurity ecosystems, offering a dynamic arena for market exploration. It encompasses government agencies, a robust military and defense presence, key institutions like NSA, Cyber Command, and CISA, along with a flourishing high-tech startup culture that promotes knowledge exchange, funding and strong cybersecurity sector collaborations.
In April 2023, the Maryland Department of Commerce reaffirmed its commitment to economic development collaboration with the Netherlands by renewing a Memorandum of Understanding (MOU) with InnovationQuarter. The regional economic development agency represents the Zuid-Holland region, internationally recognized as the Greater Rotterdam-The Hague area. The updated MOU places particular emphasis on vital sectors such as cybersecurity, quantum computing, and life sciences.
The subsequent economic mission in October 2023 seamlessly expanded on the objectives outlined in this MOU, providing a rich and immersive experience. Participants actively participated in strategic meetings, engaging dialogues, and company visits, all geared towards knowledge-sharing, network-building, and strategic alignment. The mission exemplified a joint dedication to cultivating a secure digital society.
The PIB Cybersecurity US mission program featured a flurry of activities:
Are you a security company looking to expand into the lucrative US market?
Cybersecurity missions from the Netherlands to the US are organised as part of the Cybersecurity U.S. roadmap, a multi-annual program aimed at improving collaboration with the US and facilitating entry into the US market. The focus lies on trade promotion, innovation, knowledge sharing and acquisition, with a particular emphasis on cybersecurity.
The economic mission to the RSA Conference and this particular mission to the US are part of this program, designed to help companies enter the market with ease.
This mission is a key initiative under the PIB Cybersecurity US program, a three-year collaboration orchestrated by InnovationQuarter, Security Delta (HSD), the Dutch embassy and consulates (Netherlands Economic Network in the United States), Ministry of Foreign Affairs and the Netherlands Enterprise Agency (RVO). To learn more about this program and explore potential opportunities to join, please reach out to Martine Koole.