Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Management & Strategy

UK Spy Agency Funds New Cyber Security Research Initiative

Britain’s spy agency GCHQ and the Department for Culture, Media and Sport this week announced a £6.5 million investment in CyberInvest, a new initiative aimed at offering support for cyber security research.

Britain’s spy agency GCHQ and the Department for Culture, Media and Sport this week announced a £6.5 million investment in CyberInvest, a new initiative aimed at offering support for cyber security research.

Launched at IA15, the UK Government’s Cyber Security and Information Assurance event, the new program allows enterprises to take advantage of the expertise of GCHQ, EPSRC and leading academics, and to invest in research areas believed to be critical for nation-wide protection. According to GCHQ, CyberInvest will help creating a community of industry, government and academia capable of investing in cyber security research.

CyberInvest is also meant to provide a forum for the latest in cyber security research, which should make it easier for companies to invest in research and to find the right opportunities through learning where investments are made. NCSP and EPSRC have already funded cyber security research that resulted in the development of innovative products, GCHQ explains.

GCHQ also announced that all companies are encouraged to join the new initiative, regardless of their size. The initiative accepts a range of investment levels, starting at £10,000 for companies with less than 10 employees and growing to £500,000 for companies with more than 250 employees. 

“CyberInvest is an exciting initiative which brings industry, Government and academia together, and builds on the UK’s reputation as a global leader for cyber security research. Over the last 4 years we have invested over £20 million in UK cyber security research, and the new CyberInvest scheme will play an important role in our ongoing work to help protect UK citizens and businesses online,” Rt Hon Ed Vaizey MP, Minister for Culture and the Digital Economy, said at the opening of IA15.

Written By

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem