Help, advice and support will be available to cyber security start ups through the ‘Early Stage Accelerator Programme’ to help develop their products and services, and bring them to market.
The £250,000 programme is the first of its kind for the UK cyber security sector and will be run by Cyber London and the Centre for Secure Information Technologies (CSIT) at Queen’s University Belfast. The programme will be open to applicants in March.
The Government says the new programme will: increase the rate of new cyber security start-up development in the UK; help entrepreneurs develop, test and validate the commercial viability of their ideas and transform them into businesses; help identify new business ideas from the UK’s leading cyber security knowledge base; and provide a space for collaboration with the early stage start ups as they develop.
The programme is part of the Government’s 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.
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.”