Plexal has been appointed by the UK Government to deliver a major cyber security innovation centre on the site of London’s Olympic Park.
Opening in Spring 2018, the £13.5 million innovation centre will be led by Plexal, hosted in Plexal City at Here East (a 1.2 million square foot digital and creative hub), and will be delivered in partnership with Deloitte’s cyber team and the Centre for Secure Information Technologies (CSIT) at Queen’s University Belfast. Together they have formed a cross-disciplinary team with deep entrepreneurial, engineering and cyber security technical skills.
The London Cyber Innovation Centre will incubate 72 cyber security companies ranging in maturity, over a three and half year period. Each organisation will receive a customised programme of technical and commercial mentoring from some of the world’s leading authorities on cyber security.
Startups will also have access to and insights from further industry experts including connection to the EPIC network of international cyber clusters and research hubs which bring trade and investment opportunities on a global scale. The Centre will also convene a diverse range of investment partners from angels to VC’s and institutional investors, providing participants with a broad selection of investment opportunities.
The centre is currently seeking large enterprises to join an Innovation Forum, which will inform six themed accelerator programmes and the real-world challenges that startups will be asked to develop new solutions to. The Forum will meet quarterly and will aim to maximise piloting and contracting opportunities for smaller firms, thereby better advising the industry on product gaps in the market.
Plexal has been empowering a host of different sized technology companies across a variety of sectors including AI, data analytics, VR/AR, fintech and IoT. Last month, Plexal launched Plexiglass, an accelerator programme for female-led startups with Barclays and LLDC.
Claire Cockerton, CEO and founder of Plexal comments, “The UK has a strong heritage in tech innovation and a fertile business environment for startups to scale. Our future international standing as a world-leading digitally-enabled economy depends on the delivery of a robust and forward-thinking cyber security sector. The London Cyber Innovation Centre will provide the bedrock for this to happen – delivering bespoke business development programmes, engineering resource, professional services, access to corporate buyers and ambitious investors. At Plexal, it is our mission to bring the whole industry together to accelerate innovation, entrepreneurship and business growth for UK PLC.”
Margot James, minister for digital and the creative industries adds,“London is the undisputed leader of European tech, with billions of investment flowing in every year and world-leading firms developing ground-breaking innovations. This new centre in the Olympic Park will build on the site’s legacy of excellence and spark a wave of creativity to develop tomorrow’s technology and protect the nation from the increasing cyber threat.”