New £13.5m cyber innovation centre to be opened in London
[London, UK] The Department for Digital, Culture, Media and Sport (DCMS) is opening a new £13.5m cyber innovation centre in the Queen Elizabeth Olympic Park in London.
This will be the second innovation centre set up by the government to support growth in the cybersecurity sector.
Start-ups chosen to take part in the scheme will help large firms tackle emerging cyber threats, and the DCMS says that it will help create 2,000 jobs in cybersecurity.
Funding for the new centre, which will be run by Plexal, will come out of the government’s five-year, £1.9bn investment to keep Britain ‘safe online’.
It is expected to offer support for at least 72 companies over a period of three years, all with access to international cybersecurity networks.
Margot James, Minister for Digital and the Creative Industries, says the initiative will ‘spark a wave of creativity to develop the cyber security technology of the future and help protect the nation’s industry’.
Plexal will partner with the Queen’s University Belfast Centre for Secure Information Technologies, the UK’s Innovation and Knowledge Centre and Deloitte to support commercialisation of research.
Robert Hannigan, GCHQ former director, said:
“The London Cyber Innovation Centre will be the launch pad for a whole generation of new cyber security companies, benefiting both the UK’s economy and its security.
“By combining academic excellence, expertise in innovation and access to investment, the Centre is uniquely placed to secure this country’s preeminent position in cyber security.”
A new report released by the National Cyber Security Centre (NCSC) today indicates that cyber risks are continuing to increase exponentially, with more attacks launched on UK businesses 'than ever before'.