State & Local Event
CyberBay Awards Cybersecurity Innovation Grant
March 13, 2026
CyberBay awarded a $70,000 non-dilutive grant through its Innovation Challenge on March 13, 2026, to Actualization.ai for their SquarePact cybersecurity solution targeting small and mid-sized organizations. This initiative emphasizes practical, affordable cybersecurity technologies ready for deployment, fostering collaboration among industry, government, academia, and defense sectors in Tampa, Florida.
- The grant highlights growing procurement interest in scalable cybersecurity solutions tailored for smaller organizations, expanding market opportunities beyond large enterprises.
- Procurement professionals should note the emphasis on affordability and usability, signaling potential future contract requirements favoring accessible cybersecurity tools.
- Industry stakeholders can leverage this challenge as a model for public-private partnerships that accelerate innovation adoption in government and defense environments.
- Organizations developing cybersecurity products may find value in engaging with similar innovation challenges to gain funding and visibility in government-related markets.
The next generation of cybersecurity innovation wonβt succeed if it only works for the biggest companies with the biggest budgets. This challenge is about identifying solutions that are usable, affordable, and ready to meet organizations where they are today.
— Manish Agrawal, Ph.D.
Vendors
Actualization.ai, HACKsee, RedShield, Bellini Capital
Contracts
$70,000
Locations
Sources
- CyberBay Innovation Challenge Awards $70,000 Grant to Emerging Cybersecurity Innovator · Business Wire · Mar 13