London based digital wallet and exchange platform Verimuchme has received a $5m grant from the GCHQ Cyber Accelerator, a new UK incubator with a focus on cyber security. Verimuchme was one of the incubator's first seven startups to receive a grant.
A GCHQ-backed startup incubator has opened its doors in the UK, announcing its first cohort of seven startups participating in the three month accelerator program (see below for the list of teams). The GCHQ Cyber Accelerator initiative was announced by the government in September, as a tie up between the domestic signals intelligence & cyber security agency; the UK’s Department for Culture, Media and Sport (DCMS); and (Telefonica’s) Wayra UK accelerator initiative, which is running the program.
