Together the pair expect to grow up to ten startups annually, providing them with funding, resources and guidance from experts. Selected companies will have access to Frost Data Capital’s data and analytics network, while security solutions firm Symantec will help to solve the biggest threats faced from the cyber world.The IoT and big data push comes after the UK government launched a £10m fund to encourage British businesses and local authorities to develop an R&D project detailing how the Internet of Things can benefit the public. Elsewhere, the Department for Business, Innovation and Skills has aligned with the Accelerator network to bring 50 young cyber security experts from 13 UK universities together to fight risks posed to companies. “Protecting and promoting the UK’s digital economy is a key part of the government’s long-term economic plan, so it’s crucial we have the skills to do this now and in the future,” said Ed Vaizey, minister for the digital economy. Read more cyber updates:
- The 5 big brands bitten by online retail and marketing mistakes
- A practical guide to data, mobile, social, cloud and security from IBM’s UK chief executive
- For British businesses, is the password a past word?
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