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The four-year programme will help cyber security startups and scaleups hone their business skills through mentoring and workshops that support their growth.
LONDON, UK, 17 February 2017 – Digital Catapult announces that it has secured up to £1.1m in funding from the Department for Culture, Media and Sport (DCMS), to deliver Cyber 101, a business advice and mentoring programme to help new UK cyber security firms grow and succeed. Delivered in collaboration with a strong consortium of partners, the programme will help increase the size of the UK cyber security market and improve the success rate of firms in the early stages of their business lifecycle.
The programme is part of the Government’s £1.9bn National Cyber Security Strategy to protect the UK in cyber space and develop a strong and growing UK cyber security industry.
Minister of State for Digital and Culture Matt Hancock said: “I’m delighted to announce up to £1.1m Government funding to help our small and medium cyber security firms get the support they need to grow their businesses. This will help keep us at the forefront of the global fight against cyber threats and attacks.
“We’re determined to make sure the UK remains a world-leading digital economy, the best place for innovative firms to start up and scale up, and that we are the safest place to live and do business online. This funding, delivered by the Digital Catapult consortium, and working alongside the new National Cyber Security Centre, will play a vital role in delivering those aims.”
The Cyber 101 project will be delivered by Digital Catapult with the support of a number of consortium partners each with expertise in cyber business development, including The Accelerator Network, the Centre for Secure Information Technologies (CSIT) and the VTC Group. The programme is intended to run for four years, starting with a pilot project delivered between February and March 2017. Cyber 101 will provide cybersecurity companies across the UK with access to mentoring and advice, intensive one day workshops, online learning content, as well as connections to public and private customers and the investment community through an annual demonstration day.
The training is designed to help support cybersecurity businesses hone their business skills and will provide guidance on specific business essentials, such as value proposition design, market validation, sales and marketing, risk management and compliance and digital tools that can help them expand and export.
Dr Jeremy Silver, CEO, Digital Catapult: “Cyber security is a tier one threat in the UK with the threat landscape evolving at a rapid pace. The Government is committed to supporting the UK’s ability to defend itself from cyber-attack and take action against cybercriminals. A significant part of this comes down to removing barriers to growth and supporting innovation in this space, in turn helping foster leading cyber security companies in UK. The Cyber 101 programme is specifically designed to help achieve these aims.”
Digital Catapult is uniquely placed to lead on this national programme thanks to its network of centres across the UK and its proven success in providing the technical expertise, connections and advice to help small businesses grow. The programme will address the specific needs of local cyber security startups and scaleups and will provide valuable support to hundreds of UK cyber security firms.”