UK’s cyber innovation centre opens
The UK’s Cyber Innovation Centre has opened in London as it looks to fight back against cyberattacks and develop technology to help keep the nation safe.
As reported last year, the UK government revealed its plan and investment of up to £14.5 million to develop such technology.
Yesterday (26 June), Minister for Digital Matt Hancock said the new centre “will do vital work in fostering the new products that keep us more secure online”.
He adds: “It’s only through government, academia, start-ups and established industry working together that we will ensure our cyber defences stay ahead of our adversaries.
The investment will be made over a three-year period and will bolster the UK’s cybersecurity defences, and follows on from February 2018, when the new National Cyber Security Centre (NCSC) was unveiled. The NCSC will work with the Bank of England (BoE) to produce advice for the financial sector for managing cybersecurity.
With the new centre open, the UK government will bring together large firms to work with start-ups and industry experts to develop new technologies.
As the cyber threat is very real and potent, the UK wants to give start-ups access to technical mentoring, business support and advice to help them to grow in their early stages and contribute to the UK’s £22 billion cybersecurity sector.
In a separate development, Innovate UK, a non-departmental public body, is calling out for SMEs.
It’s certainly not limited to fintech, but SMEs can apply for a loan of up to £1 million to support projects that “will help them to grow by developing highly innovative new products and services”.
Innovate UK says it has up to £10 million in innovation loans to support ideas.
You can apply and get more information here.