New programme to spark wave of growth in UK’s thriving cyber sector
Innovative cyber startups, small businesses and scaleups will benefit from a new scheme to help them launch and grow their businesses while spreading wealth and opportunity across the UK.
Cyber Runway will see entrepreneurs and businesses across the four nations get access to business masterclasses, mentoring, product development support, networking events and backing to trade internationally and secure investment so they can turn their ideas into commercial successes.
The new programme – funded by the Department for Digital, Culture, Media and Sport (DCMS) and delivered by Plexal in partnership with CyLon, Deloitte and The Centre for Secure Information Technologies (CSIT) – aims to support at least 160 organisations and companies over the course of six months.
The cyber security sector is one of the UK’s tech success stories with revenue growing 7 per cent in the last financial year and the number of companies increasing by 21 per cent. The sector is now worth £8.9 billion.
Companies participating in DCMS’s cyber growth initiatives in the past have, on average, more than tripled their revenues year on year.
Minister for Digital Infrastructure Matt Warman said:
Saj Huq, director of innovation at Plexal, said:
Nick Morris, CEO at CyLon, said:
Louise Cushnahan, head of innovation at CSIT, said:
Cyber Runway is part of the government’s wider work to develop the UK’s strength in cyber as we build back better after the pandemic and improve prosperity and security.
Expressions of interest from applicants, mentors and investors can now be made here.