The UK government is launching a new Cyber Growth Action Plan, injecting up to £16 million into the cybersecurity sector to bolster its £13.2 billion industry. This initiative will be spearheaded by the University of Bristol and Imperial College London's Centre for Sectoral Economic Performance. The project will assess the supply and demand dynamics in cyber goods and services while exploring new technologies like AI and quantum. The investment also expands the CyberASAP program, which facilitates the creation of spin-out companies from academic research, aiming to enhance both economic growth and national security.
The UK government is investing up to £16 million to boost the cyber sector, aiming for growth in innovative startups and enhancing cyber resilience.
This funding initiative will be led by the University of Bristol and Imperial College London, focusing on supply and demand in the cyber goods market.
Government officials emphasize the importance of fostering the cyber sector to create high-paying jobs and bolster national security amidst rising cyber threats.
The CyberASAP program, benefiting from new funding, aims to support academic spin-outs and attract significant additional investment to energize the UK's cybersecurity landscape.
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