U.K. FUNDS £250,000 CYBER SECURITY INCUBATOR

UK

Silicon Valley’s high-tech culture is invading Great Britain. The U.K. Department for Culture, Media & Sport announced a £250,000 ($356,000) cyber security incubator—known as the “Early Stage Accelerator Programme”—aimed at developing cybersecurity solutions to protect the U.K. from cyberattacks. 

Funded through the U.K.’s “National Cyber Security Programme,” in partnership with Cyber London and the Centre for Secure Information Technology, the incubator aims to “ensure the best ideas from our brightest minds can help keep the UK safe in cyberspace”, according to John Whittingdale, a member of British parliament and Secretary of State for Culture, Media and Sport.          

In recent years the cybersecurity industry “have grown rapidly—up 70 percent since 2013—and employs over 100,000 people,” according to the Department for Culture, Media & Sport. The new cybersecurity incubator is part of the U.K.’s larger strategy to increase productivity in the industry.

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