Tech start-ups receive cyber security funding boost » SMEInsider

Tech start-ups receive cyber security funding boost

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Some of the UK’s most innovative start ups are set to receive a wedge of government funding as part of a groundbreaking cyber security innovation programme.

The programme will be run by the Department for Culture, Media and Sport (DCMS) and GCHQ and include two new accelerators that will be overseen by Wayra UK. The focus will be to identify potentially game changing inventions in the cyber security space, and fast track their commercialisation.

With the DCMS committing £50m to support two innovation centres, the future for start ups in this space looks bright – indeed, GCHQ has committed to providing consultancy and expertise to participating organisations in order to help develop and improve the innovations.

Minister of State for Digital and Culture Matt Hancock said he was delighted at the move: “We are making progress in our ambitious programme to support innovation in cyber security, grow the UK’s thriving sector and protect Britain from cyber attacks and threats.

“Our two new Cyber Innovation Centres will bring together government, academic and business expertise, and will be invaluable in helping support start-up companies and develop world-class cyber technology.”

 

‘Vigilance is key’

The scheme will form part of the government’s £1.9bn National Cyber Security Programme which is designed to raise the UK’s vigilance and preparedness for a cyber attack, both on government and private business.

Chris Ensor, Deputy Director for Cyber Skills and Growth, GCHQ believes that the combination of GCHQ’s experience with ‘creative entrepreneurs’ and startups will be a major boon to the UK’s cyber security capabilities.

He added: “Combining the knowledge and experience of GCHQ staff with some of the country’s newest start-ups and most creative entrepreneurs is really powerful combination and one I’m confident will deliver benefits to the cyber security of the UK.

“Cyber security is a team sport and as threats become more prolific and more complex, we should be sharing our experiences and views because there’s so much we can learn from each other.”