Crossword Cybersecurity plc (“Crossword”) has joined GCHQ and the Department for Culture, Media and Sport as a founder member in the launch of a new £6.5m industry and Government scheme to support cutting edge UK cyber security research.
Launched at IA15, the Government’s high-profile information assurance event, CyberInvest will build a community of industry, government and academia who are committed to sustained investment in cyber security research. Tom Ilube, Crossword’s CEO, committed to support the initiative alongside other leading cyber security industry figures in the presence of Rt Hon Ed Vaizey MP, Minister for Culture and the Digital Economy, and the Director GCHQ.
Tom Ilube, Chief Executive Officer of Crossword, the cyber security tech transfer company, said "We are delighted to support this important initiative. This scheme will enable Crossword to draw upon the expertise of GCHQ, EPSRC and leading academics as we pursue our mission to commercialise world-class UK cyber security research.”
The Rt Hon Ed Vaizey MP, Minister for Culture and the Digital Economy said “CyberInvest is an exciting initiative which brings industry, Government and academia together, and builds on the UK's reputation as a global leader for cyber security research. Over the last 4 years we have invested over £20 million in UK cyber security research, and the new CyberInvest scheme will play an important role in our ongoing work to help protect UK citizens and businesses online."
FOR FURTHER INFORMATION PLEASE CONTACT:
Tom Ilube, CEO, Crossword Cybersecurity Plc
Tel: +44 (0)208 973 2350
NEX Corporate Advisor
Nick Michaels and Jon Isaacs, Alfred Henry Corporate Finance Limited
Tel: +44 207 251 3762