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Government announces £14.5m London Cyber Innovation Centre

The government has launched a competition to design a new £14.5m London Cyber Innovation Centre.

The hub will connect startups with major companies and industry experts, enabling them to design cyber security tools fit for the market. In addition to business connections, startups will be offered technical mentoring to help them grow faster within the UK’s £22bn cyber security sector.

Matt Hancock, minister for digital, said: “London is one of the world’s most important tech sectors, with a record £5.6 billion investment in the industry in the past six months and a new tech firm formed every hour in the capital.

“Our investment in a new cyber innovation centre will not only cement the city’s position as a world leader but also boost the whole country by giving UK firms access to the latest cyber technology and allowing start-ups to get the support they need to develop.”