MCEDC is now a 2019 National Cybersecurity Awareness Month Champion
Cybersecurity Innovation Forefront
Our cyber ecosystem is continually expanding as home to a large federal presence and abundant business resources. MoCo companies receive great state and County support, serving federal and local governments and private sector security needs. The FY19 Federal Government Budget includes $15 billion for cyber-related activities, a $583.4 million increase*.
MoCo companies span the gamut of cyber defense: specialists in services and solutions that include risk audits, recommendations and implementations for protection and compliance to more product-based businesses, focused on devising innovative new products to solve specific cyber problems.
Defending against global cyber crime
$6 Trillion is the projected global cost of cyber crime by 2021. The figure continues to rise along with the many sophisticated cyber threats. As hackers find new ways in, companies in Montgomery County are inventing new protections and defenses. Our top cyber companies are working to contain attackers, make targets invisible, defend against ransom ware, secure systems against security breaches – and more. With fast growing federal and private opportunities, our region excels in the talent and technology necessary for your cybersecurity company success.
VC INVESTMENT IN MD CYBER COMPANIES SINCE 2014
FEDERAL CONTRACTS IN MOCO, FY16-17
MD HAS HIGHEST CONCENTRATION OF STEM JOBS IN THE U.S.
COMPUTER AND MATH PROFESSIONALS IN MOCO
CYBERSECURITY COMPANIES IN MOCO*
A Capital Business Move
Key federal entities tasked with cyber defense – including the National Security Agency, Defense Information Systems Agency, U.S. Army Research Lab, NIST/NCCoE, and Department of Homeland Security – are an Uber or metro ride away from your Montgomery County base. For public and private sector connections, our proximity to the federal presence in the region contributes to your cybersecurity growth.
Connect with a Renowned Cybersecurity Partner
Connect with the National Cybersecurity Center of Excellence (NCCoE). This in-demand resource center is right here in Montgomery County. The NCCoE is on the leading edge of cybersecurity, turning standards into real-world solutions through a collaborative partnership between the National Institute of Standards and Technology, the State of Maryland and Montgomery County. NCCoE is changing the cybersecurity landscape. See recent wins by NCCoE.
Montgomery County, Maryland, has experienced a huge jump in Venture Capital investment—more than half a billion dollars in the first half of 2018 alone.
More funding than Virginia and Washington, D.C., combined
Larger than the annual total of any year in the past 5 years
The average deal in 2018 is $15.39 million—nearly triple 2015 investment
INVESTING IN STEM EDUCATION
Maryland is investing in STEM education to reflect the needs of our highly technical businesses. We have the tech talent here in our state and ready to go. The University of Maryland System (11 campuses + 3 regional campuses) produced 77,103 Bachelor’s Degrees and 37,505 Graduate Degrees between FY 2015 and 2017. Maryland has the highest concentration of computer information and research scientists in the nation.
We are part of this disruptive, transformative change that's happening in cybersecurity, the use of AI, making machines smart to solve difficult cyber problems.
LOCAL EDUCATIONAL INSTITUTIONS
Access top talent and gain an immediate workforce advantage. Meet some of the smartest people in the nation. When it comes to metropolitan areas, the D.C. region has the largest number of college graduates in the country. With a diverse population of more than one million, Montgomery County also has the nation’s highest concentration of postsecondary degrees.
Montgomery College is a future-focused higher education institution with multiple campuses delivering content and innovative programming that is both affordable and accessible, on campus and online. Spearheading a statewide consortium of community colleges, and using grant dollars to continuously update and expand offerings, Montgomery College is always looking to innovate, and cybersecurity is one of their top priorities. The college serves nearly 60,000 diverse students per year in 130 programs of study.
Programs include the Cyber Advantage program which helps IT professionals take their careers to the next level. Montgomery College leads a state-wide consortium of 14 community colleges, created with a $15 million Department of Labor grant. They also have a state-of-the-art cyber lab on the Germantown campus.
Learn more about programs at Montgomery College via this interview with Dr. Sanjay Rai, VP of Academic Affairs.
UNIVERSITIES AT SHADY GROVE
USG has 80 undergrad and graduate degree programs offered by nine University of Maryland institutions on one convenient campus, including internationally recognized University of Maryland College Park. USG is constructing a state-of-the-art, $162 million biomedical sciences building to further cyber, engineering and biomedical sciences education. They have both bachelor’s and master’s degrees in computer networks and cybersecurity with a variety of degree and certivficate options. UMBC provides technical and managerial training education to respond to Maryland’s and the nation’s needs for qualified cybersecurity professionals.
NOTABLE AREA BUSINESSES
Take advantage of Tax Credits and Financial Incentives
Explore numerous beneficial programs and incentives available to grow your cybersecurity business:
Cybersecurity Investment Incentive Tax Credit (CIITC): Refundable income tax credit to Qualified Investors who invest in Qualified Maryland Cybersecurity Companies (QMCCs). Qualified Investors receive a credit equal to 33% of an eligible investment in a QMCC.
Buy Maryland Cybersecurity Tax Credit (BMC): A Qualified Maryland Company that purchases cybersecurity technologies or services from a Qualified Maryland Cybersecurity Seller may claim up to $50,000 in tax credits in a single tax year.
Employer Security Clearance Costs (ESCC) Tax Credit: Provides income tax credits for expenses related to federal security clearance costs, construction of Sensitive Compartmented Information Facilities (SCIFs) and first-year leasing costs for small businesses doing security-based contract work.
Business Tax Credits: Find additional County and state credits and incentives in a variety of areas to help your business.
Explore more tax credits and incentives to spur business growth.
A Rockville-based leader in moving target cyber defense, with a unique platform that enables any network to actively shield itself from cyber-attacks by preventing all attacker reconnaissance. This Montgomery County company challenges traditional assumptions, with a defense system that proactively contains an attack well before it can be detected.
Cybersecurity Association of Maryland, Inc. (CAMI)
Partners with cyber companies, general businesses, government entities, nonprofits, and academic institutions
MD Cyber Events
Calendar listing of cyber events and conferences throughout Maryland
Maryland Tech Council
Actively engaged in building strong technology, life science and cyber industries by supporting the efforts of individual members
Attend this annual industry conference, which takes place each October
*Source: Kogod School of Business Cybersecurity Report 2017