For several years now, Wavestone’s different offices have been periodically identifying startups active in the field of cybersecurity. Wavestone Brussels office has therefore carried out its very first census in this field: the 2020 Belgian Cybersecurity Startup Radar.
A proven and pragmatic methodology
This study starts with a global overview of the Belgian cybersecurity ecosystem based on a first mapping of companies active in this field. To that end, we consulted 3 main sources. The first one are databases specialized in the identification of startups, then co-working spaces & incubators and finally organizations & associations supporting cybersecurity startups.
Only companies marketing a product (application, platform, hardware, etc.) were retained. Consulting companies are out of scope.
The purpose of this first step is to establish a list of actors in order to then apply the selection criteria of the Wavestone radar. Those criteria allow us to establish the perimeter of the radar in accordance with those already carried out previously by our others offices.
The criteria we select to map out the companies are the age, the location and the size: