A new programme to support cyber security start- ups will help develop innovative technical solutions to keep the UK safe from cyber attacks, the Government has announced. This is part of the new £1.9 billion investment in cyber security.
Start-ups that want to offer cyber security solutions will be able to get help, advice and support through the Early Stage Accelerator Programme to develop their products and services, and bring them to market.
The £250,000 programme – the first of its kind for the UK cyber security sector – will be run in partnership by Cyber London, Europe’s first cyber security accelerator and incubator space, and the Centre for Secure Information Technologies at Queens University Belfast.
Speaking at a joint UK/US Global Cyber Security Innovation Summit at the British Museum London, John Whittingdale, Secretary of state for Culture, Media and Sport, said:
“The UK’s strong and growing digital economy is changing the way we live and work. As technologies continue to evolve there will be an increased demand for secure products and services, and this new programme will ensure the best ideas from our brightest minds can help keep the UK safe in cyberspace. I’m delighted to announce Cyber London and CSIT Belfast as partners in running this new programme.”
The new programme will:
Funded by the governments national cyber security programme, the Early Stage Accelerator Programme will support ideas that may currently struggle to gain investment funding because they are at an early stage and not yet fully developed.
It is part of the Governments wider strategy to promote the UK cyber security industry, which has grown rapidly in recent years and is now worth £17.6bn – up 70% since 2013 – and employs over 100,000 people. The programme will be open to applicants in March.
Stephen Wray, Commercial Director of CSIT, which will co-run the programme, said:
“CSIT is delighted to partner with Cyber London on this programme. CSIT and Cyber London are at the heart of the UK’s cyber security start-up ecosystem and together we bring a strength of cyber capability, a track record of producing and nurturing start-ups and an ability to leverage significant additional industry innovation support from partnerships across the globe.”
Kirsten Connell of Cyber London, which will co-run the programme, added:
“Naturally we’re very pleased that Cyber London and CSIT have been selected to deliver the Cyber Security Early Stage Accelerator Programme. We believe the UK is one of the world’s best places to build cyber security businesses, and this programme will help to make it easier for innovation to develop into commercial success.”
Source: Gov.uk, 2016