AARNet is pleased to be one of the 17 recipients in the latest round of AustCyber funding for industry-led projects, announced today by the Minister for Industry, Science and Technology, the Hon Karen Andrews MP.
The AARNet project is developing a Security Operations Centre to help institutions to monitor, detect and respond to cyber threats.
AustCyber’s Chief Executive Officer, Michelle Price, said the projects receiving funding in this round will add value to Australia’s cyber security sector as well as provide potentially world-leading innovative solutions for all sectors of the economy.
“The growing demand for cyber security products and services is a significant economic opportunity for Australia. Supporting cyber resiliency improves our nation’s overall global competitiveness, as well as its security.
“The field of applications for this round of AustCyber’s Projects Fund was highly competitive and covered a wide range of areas of cyber capability. The recipients were selected through a robust process supported by industry experts, who helped us with the tough job of narrowing down which applications would receive funding.
“The Projects Fund is one of our key mechanisms used to identify and support cyber security innovation through to commercialisation in Australia, complementing projects funded through industry, research organisations and other government initiatives. It’s also great to see Australian companies partnering with domestic and international corporates within the broader ecosystem. AustCyber is excited to be working with recipients and their consortia partners as they deliver on their projects over the next twelve months.”
The AustCyber Projects Fund is a $15 million, three-year initiative designed to help the Australian cyber security industry grow both locally and globally.