With an allocated budget of £250,000, is the UK government serious about helping security startups? If the UK's cybersecurity industry is worth £17.6bn annually and employees over 100,000 people, then £250,000 represents 0.00142% which seems like an odd amount if the intention is to make a difference and help promote cybersecurity excellence in the UK. The UK is one of the world's leaders when it comes to cybersecurity, and not only should this be promoted, the UK economy is also a major target, and the investment would most likely pay for itself very quickly. Good luck to the one or two companies that are able to get a slice of the funds.
The UK government has announced a new programme which will support cyber-security start-ups in order to help develop innovative technical solutions to keep the UK safe from cyber-attacks. Running in partnership with Cyber London and the Centre for Secure Information Technologies, it will operate out of the Queen's University campus in Belfast. Armed with a £250,000 budget, it is the first of its kind for the UK cyber-security sector. The Early Stage Accelerator Programme will aim to help start-ups that want to offer cyber-security solutions all the help, advice and support they would need to bring their product to market.