START­ING RIGHT

One Ply­mouth teen gets a big boost as he looks to build a startup soft­ware firm.

The Times-Tribune - - BUSINESS - Con­tact the writer: dal­labaugh@cit­i­zensvoice.com; 570-821-2115; @Cval­labaugh on twit­ter BY DENISE ALLABAUGH STAFF writer

A Ply­mouth teen’s startup busi­ness was cho­sen to re­ceive a $50,000 in­vest­ment as part of an ex­per­i­ment for young peo­ple who want to build things in­stead of sit­ting in a class­room.

Alec Ryn­cav­age, 19, re­ceived the in­vest­ment for his Wilkes-bar­rebased soft­ware com­pany CYBIOT. The money was pro­vided through the 1517 Fund’s In­vis­i­ble Col­lege. The 1517 Fund is a Sil­i­con Val­ley-based ven­ture cap­i­tal firm.

Hun­dreds of ap­pli­ca­tions were sub­mit­ted and Ryn­cav­age was the first ap­pli­cant in­ter­viewed. His North­east Penn­syl­va­nia busi­ness was the first to re­ceive a check.

Ryn­cav­age, the youngest Ply­mouth Bor­ough Coun­cil mem­ber ever voted into of­fice, has been build­ing tech­nol­ogy prod­ucts in cy­ber­se­cu­rity since 2014.

At 15, the Wy­oming Val­ley West grad­u­ate had his own busi­ness, his own of­fice and his own in­ven­tion: a com­puter virus re­moval prod­uct that won him an award in the an­nual Tecbridge Busi­ness Plan Com­pe­ti­tion.

CYBIOT is a soft­ware com­pany that de­vel­ops cy­ber­se­cu­rity tech­nol­ogy.

“By re­plac­ing net­work se­cu­rity en­gi­neers and equip­ment, we make it af­ford­able and sim­ple for busi­nesses, store­fronts and of­fices who can­not hire a team of net­work en­gi­neers or pur­chase en­ter­prise-grade hard­ware to be pro­tected against 65% of all cy­ber­se­cu­rity at­tacks that tar­get them,” Ryn­cav­age said.

CYBIOT and its team of four part­ners, five en­gi­neers and now three in­vestors are all part of a pro­gram coined “The In­vis­i­ble Col­lege,” which fea­tures young peo­ple work­ing out­side of tracked in­sti­tu­tions, he said.

Some­times, he said col­lege dropouts and opt-outs will trade “Zoom Univer­sity” for a $50,000 in­vest­ment to work full time on their idea over

four to six months. By the end of those ex­per­i­ments, the com­pa­nies are ex­pected to re­ceive a “pre-seed in­vest­ment” of $250,000 to $500,000, he said.

Ryn­cav­age said there is a lot of com­pe­ti­tion in the cy­ber­se­cu­rity in­dus­try but he be­lieves the “peo­ple who will win at cy­ber­se­cu­rity will be the ones who make it the sim­plest to in­ter­act with and un­der­stand.”

‘We make it af­ford­able and sim­ple for busi­nesses, store­fronts and of­fices ... to be pro­tected against 65% of all cy­ber­se­cu­rity at­tacks that tar­get them.’

Alec Ryn­cav­age

SUB­MIT­TED PHOTO

Alec Ryn­cav­age, a 19-year-old from Ply­mouth, re­ceived a $50,000 in­vest­ment for his soft­ware com­pany CYBIOT. The in­vest­ment came as part of an ex­per­i­ment for young peo­ple look­ing to gain im­me­di­ate firm­build­ing ex­pe­ri­ence out­side the class­room.

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