The UK government has announced plans to invest £14.5m for building an innovation centre that will support development of cybersecurity technologies.
The new centre will allow large firms to collaborate with startups and industry experts to develop new technologies, and will offer startups access to expert technical mentoring and support to fuel their growth, the government said in a statement.
The money for the new centre will be invested over the next three years. The Department for Digital, Culture, Media and Sport has already launched a competition to develop and design the facility, which is expected to open in early 2018.
Minister for Digital Matt Hancock said: “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.”
The latest move forms part of the UK government’s £1.9bn investment to overhaul the nation’s cyber security.