Start ups offering cyber security solutions will be able to get help, advice and support through the Early Stage Accelerator Programme to develop their products and services.
The £250,000 programme - the first of its kind for the UK cyber security sector - will be run by Cyber London and the Centre for Secure Information Technologies (CSIT) at Queen’s University Belfast.
Speaking at the joint UKUS Global Cyber Security Innovation Summit at the British Museum London, John Whittingdale, secretary of state for culture, media and sport, said: “The UK’s strong and growing digital economy is changing the way we live and work.
“As technologies continue to evolve there will be an increased demand for secure products and services, and this new programme will ensure the best ideas from our brightest minds can help keep the UK safe in cyberspace.
“I’m delighted to announce Cyber London and CSIT Belfast as partners in running this new programme.”
Funded by the government’s National Cyber Security Programme, the Early Stage Accelerator Programme will support ideas that may currently struggle to gain investment funding because they are at an early stage and not yet fully developed.
It is part of the government’s wider strategy to promote the UK cyber security industry, which has grown rapidly in recent years and is now worth £17.6bn - up 70% since 2013 - and employs over 100,000 people.
The programme will be open to applicants in March.