United Kingdom to Stimulate Cybersecurity SMEs with £4 Million Competition

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3Q 2014 | IN-1020408

Funding for All (in Cybersec)

NEWS


September 2014 saw the launch of Sinet’s first Global Cyber Security Innovation Summit in London. Sinet, the Security Innovation Center, is an organization focusing on promoting early-stage and emerging-growth enterprises into the government and industry markets in the United States. The summit was held jointly by the U.K. government and U.S. Department of Homeland Security, notably the Science and Technology Directorate. During the conference, Vince Cable, the U.K. secretary of state for business, innovation and skills (BIS), announced a competition for SMEs to develop ideas that can counter cyber threats. The competition will begin in March 2015 and will be run by the Technology Strategy Board (TSB), the U.K. government’s innovation agency. Funding in the amount of £4 million has been put aside to be distributed among the winners.

Competition to Boost Domestic Market

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