Cyber security scale-up programme launched by Tech Nation
Tech Nation is on the hunt for 20 startups with the potential to compete with some of the biggest names in the global cyber security market.
The UK’s first nationwide scale-up programme for ambitious startups in cyber security, is now inviting applications to produce the global leaders of tomorrow and build on Britain’s existing heritage in this key sector.
Starting in April 2019, Cyber is aimed at founders and leadership teams. Successful applicants will partake in a six-month, non-residential programme. They will be expose to scaleup expertise and provide them with the knowledge and connections needed to successfully grow their businesses in domestic and global markets.
There are currently more than 800 cyber security businesses headquartered in the UK, according to UK Government data, with SMEs making up 89% of the total.
Astonishingly, there were an estimated 30 million cyber attacks in the UK in the final three months of 2018 alone.
With this in mind, Cyber’s goal, is to boost the UK’s digital security sector by accelerating the growth of promising startup companies.
Margot James, Digital Minister said: “To stay ahead of cyber threats it is crucial we support and promote our world-class cyber security industry. Tech Nation’s new programme will not only help young businesses to expand but ensure our thriving cyber sector continues to grow.”
Tech Nation’s Cyber programme has been carefully designed with industry leaders to meet the needs of scaling cyber companies and to support founders with specific challenges for this sector. At the same time, the programme is focused on the specifics of the digital security marketplace.
Key elements of the programme include a series of four masterclass lectures taking a deep dive into core businesses issues. Peer-to-peer learning will also be fostered in networking sessions and successful applicants will have direct access to scaleup experts. These experts will address important issues such as creating and maintaining culture; hiring and nurturing talent; developing leadership skills; raising capital; and international expansion.