Tuesday, 1 December 2015

5 factors driving growth in the UK cyber security industry

The UK cyber security industry is developing, with money and talent helping it grow. Here are five reasons things in the sector are looking positive.

Government funding

As part of his recent Spending Review, Chancellor George Osborne pledged to put £1.9bn into cyber security. Of critical importance to the UK industry was £165m of these will go toward establishing a Defence and Cyber Innovation fund, a considerable boosts to the country’s cyber security start-ups.

Clusters bringing in talent

The UK is getting good at developing, and funding, tech clusters – areas where a variety of similar firms can be based, sharing knowledge and resources. It’s not just London’s Silicon Roundabout either. Europe’s largest technology cluster is in Cambridge, and there are also clusters in Bristol, Bath, and Malvern Hills. This help attracts talent and corporates to areas where firms are based.

Incubators

Incubators provide start-ups with the time and space to develop their products. They can also play a vital role in connecting this burgeoning firms with mentors, or advisors to sit on their board. Examples include Cyber London, and SetSquared in Bristol. For the full article click here 



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