£800,000 funding for academics to commercialise cyber-security ideas

News by SC Staff

A fund of £800,000 is available to help academics get their ideas for improved cyber-security to market.

A fund of £800,000 is available to help academics get their ideas for improved cyber-security to market.

The Department for Digital, Culture, Media and Sport working with Innovate UK have established a competition to increase the number of ideas from UK academic research that are turned into new businesses. The competition opens on 11 February and the deadline for applications is 6 March; projects must start by 1 April 2019. Applicants will be able to find out more at a briefing on 13 February

A previous competition saw seven teams progress through a three-month market validation phase, establish new ventures and build work prototypes.

Projects must be in the field of cyber-security including protecting information systems, the data on systems, and the services provided by systems from unauthorised access, harm, misuse or accidental damage.

The competition is in two phases.

Phase 1 involves assessing the value of an idea and validating this in this market. It is supported by industry experts and lasts up to four months. The best projects will be invited to apply to build a minimum viable project in phase two.

Anyone based in a UK academic institution can apply for a share of the funding, working with the support of their technology transfer office. Ttotal project costs are expected to range between £5,000 and £32,000 with researchers getting up to 100 percent of their eligible project costs.

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