Federal Minister for Industry, Science and Technology Karen Andrews and ACT Minister for Advanced Technology and Space Industries Mick Gentleman have jointly launched AustCyber’s Canberra Cyber Security Innovation Node.
The Canberra Cyber Security Innovation Node (the Canberra Node) is a part of AustCyber’s National Network of Nodes, which fosters and accelerates cyber capability development, innovation and commercialisation across Australia.
“The Canberra Node – a partnership between the ACT government and AustCyber – is accelerating the growth of the ACT’s cyber security sector, aligned with AustCyber’s national mission,” said Michelle Price, CEO of AustCyber.
“AustCyber helps showcase local capability development and increases the benefits and reduces the costs of collaboration. We create new economic and innovation growth pathways, enabling growth in the cyber security industry across Australia.”
With global spending on cyber security products and services expected to increase by 88 per cent over the next eight years, from US$131 billion to US$250 billion, AustCyber and the federal government have recognised the need to improve cyber security measures for the country.
“ACT government’s partnership with AustCyber is an important step in the advancement of the cyber security industry in the ACT in many ways,” Linda Cavanagh, Canberra Cyber Security Innovation Node manager, said.
“The Node is growing and creating jobs while strengthening Canberra’s knowledge economy – particularly around cyber security in the space, defence and education sectors.
“The establishment of the Canberra Node is also an acknowledgement by ACT government that to support cyber security innovation and growth, it needs to do business differently.
“The Canberra Node can test and challenge more readily, has more flexibility in developing capability, but more importantly, it can harness opportunities and partner with stakeholders to deliver results quickly. It leverages AustCyber’s brand and expertise from across AustCyber’s National Network of Nodes to help ACT-based cyber companies grow nationally and internationally.
“The Canberra narrative is changing on many levels and the cyber security sector has had an impact on this. The work of the Canberra Node has supported the growth, education and export of the Canberra region cyber security industry.”
The launch of the Canberra Node also has helped bring together the Australian National University and the Canberra Institute of Technology to collaborate with industry and push forward cutting-edge research, as well as provide education and training to build a “highly capable and skilled workforce of the future”.