On 4 December 2018, Minister for Industry, Science and Technology, the Hon Karen Andrews, announced three industry-led projects were being funded under the second allocation of AustCyber’s Projects Fund.
The recipients and funding amounts are:
Cog Systems will receive $995,500 to deliver methods and techniques for Internet of Things (IoT) device makers that significantly reduce vulnerabilities and prevent attacks against their products. This project also delivers a high-end Software Development Kit for IoT hardware platforms, through a convenient starter kit for security and virtualization of edge devices.
Applicant funding: $995,500
Laava ID will receive $1,500,000 to develop Laava's Smart Fingerprint™ technology, a new product tag and authentication platform that will help Australians (and consumers globally) identify and verify the quality of the products they buy, and make more informed choices, all through their smartphone. Laava's™ technology will become available to consumer products businesses and consumers.
Applicant funding: $1,500,000
Forticode will receive $1,285,450 to leverage their Cipherise™ trusted identify platform which provides technology to support singular, personally-held digital identities, stored and managed on mobile devices. The project will create a highly scalable cryptographic based technology that can interface with both the physical and virtual worlds; allow for independent authentication of personal data and bi-directional communication to confirm intent, and; utilises quantum tolerant technologies and techniques.
Applicant funding: $1,285,450