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Government to fund new cyber security innovation centre for London

Matteo Natalucci Published 25 July 2017

Whitehall to allocate £14.5m backing competition for new centre in London

 

The Department for Digital, Culture, Media and Sport (DCMS) has launched a competition to develop and design a new centre in London, which it believes will help reinforce the UK's cyber security capabilities and stimulate its digital economy. 

The centre will provide a forum for large firms to work hand in hand with innovative start-ups and industry experts to develop new cyber security solutions. The centre will also give start-ups access to mentoring services, business support and early-stage growth advice.

"Our investment in a new cyber innovation centre will not only cement the city’s position as a world leader but also boost the whole country by giving UK firms access to the latest cyber technology and allowing start-ups to get the support they need to develop," digital minister Matt Hancock said.

He added, "London is one of the world’s most important tech sectors, with a record £5.6bn investment in the industry in the past six months and a new tech firm formed every hour in the capital."

The London innovation centre is part of a £25m  national investment over three years and is funded by the PETRAS Research Hub (led by UCL) as part of the government-funded IoT UK research and innovation programme, as well as Lloyds Register Foundation, and industry and public sector organisations. It will be the second hub in the country developed to ensure British companies' access to the latest cyber technology.

A separate centre, the GCHQ Cyber Accelerator programme, opened in Cheltenham earlier this year. Seven start-ups have so far graduated from the GCHQ Accelerator with a competition to find the next cohort due to close on  August 9.








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