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Search for operator for $1m NSW cyber security accelerator

Cyber security is set to be one of the major growth areas and the NSW government is on the lookout for start-ups in the sector to help it support Australian businesses move into the digital realm.

Search for operator for $1m NSW cyber security accelerator
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  • Keeli Cambourne
  • December 16, 2021
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Investment NSW is calling for expressions of interest from experienced startup accelerators to run a three-year Cyber Security Accelerator in Residence to help NSW-based cyber security businesses develop products, fine tune business models and boost their connections with international investors.

Investment NSW CEO Amy Brown said the program is designed to help attract and accelerate the growth of cutting-edge companies and start-ups in NSW.

“The Accelerator will attract the most innovative companies, large and small, in this growing industry across NSW,” Ms Brown said.

“This initiative is about delivering new opportunities for the sector through further training and mentorship, as well as expanding connections to global export opportunities that will help them scale-up.”

Driven by demand to safeguard data, secure privacy and prevent expensive cyber attacks, the global security industry is on target to reach an estimated value of $270 billion by 2026.

“We are looking for world-class, innovative organisations with a proven track record in helping cyber security businesses grow and scale. The Accelerator will be another pin in the map, a beacon to the cyber security industry globally, that NSW is the place to expand and invest,” Ms Brown said.

The EOI process is being conducted by the NSW Cyber Hub, within Investment NSW, which offers a range of programs to help cyber security businesses grow and enhance workforce and skills development in the sector.

EOI applications open 22 December and close 21 January 2022. For more information on the program including how to apply, see investment.nsw.gov.au/acceleratorinresidence

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