Media release: 17 July 2019
Today the NSW Cyber Security Innovation Node was jointly launched in Sydney by the Federal Minister for Industry, Science and Technology, the Hon Karen Andrews MP and the NSW Minister for Finance and Small Business, the Hon Damien Tudehope.
The Node is the latest addition to AustCyber’s National Network of Cyber Security Innovation Nodes, designed to foster and accelerate cyber capability development and innovation across the country. It is jointly funded by AustCyber, the Australian Cyber Security Growth Network, and the NSW Government.
Global spending on cyber security products and services is expected to increase by 88 per cent over the next eight years, from around US$131 billion today, to almost US$250 billion in 2026.
“An AustCyber Node in NSW will help local cyber security companies of all sizes – not just start-ups – grow their market share by connecting into the broader national cyber security ecosystem and gaining access to international market opportunities,” said Michelle Price, CEO of AustCyber. “AustCyber will help them find customers and investment, improve commercialisation, connect to export markets, and grow a more coordinated and focused founder community.”
“NSW is well placed to harness opportunities for cyber security growth due to our local competitive advantages. By aligning closely with partners across the innovation ecosystem to leverage NSW cyber security capability, the Node brings significant value to our already vibrant sector,” said Stephenie Andal, NSW Node Manager.
Today’s launch was followed by a panel discussion featuring leading voices in Australia’s cyber security ecosystem - Tony Chapman, Chief Cyber Security Officer at Cyber Security NSW; Greg Crowther, Business Director at Sydney-born cyber security company Kasada, and Professor Roy Green, Emeritus Professor at the University of Technology, Sydney.
About the AustCyber NSW Cyber Security Innovation Node:
The establishment of the AustCyber NSW Cyber Security Innovation Node helps to overcome some of the challenges for our cyber security industry identified in AustCyber’s Sector Competitiveness Plan, particularly in regard to coordination and collaboration.
The Node is a partnership between AustCyber and NSW and fills the role of a NSW Knowledge Hub initiative. Its coordinating body is the NSW Cyber Security Network, a separate initiative funded by the NSW Government and eight member universities.