AustCyber has cut the ribbon on its Canberra Cyber Security Innovation Node, with the Federal Minister for Industry, Science and Technology, the Hon Karen Andrews MP, and ACT Minister for Advanced Technology and Space Industries, Mick Gentleman MLA, jointly launching the centre.
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.
According to AustCyber, global spending on cyber security products and services is expected to rise by 88 per cent over the next eight years, from about US$131 billion today, to almost US$250 billion in 2026. “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.”
Linda Cavanagh, Canberra Cyber Security Innovation Node Manager, billed ACT Government’s partnership with AustCyber as a key step in progressing the cyber security industry in the ACT. “The Node is growing and creating jobs while strengthening Canberra’s knowledge economy – particularly around cyber security in the space, defence and education sectors,” she said.
“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.”
AustsCyber said the Canberra Node had already undertaken activities with companies including archTIS, Cogito Group, Penten and Quintessence Labs. It also has helped bring together the Australian National University and the Canberra Institute of Technology (CIT) to collaborate with industry and promote research and deliver the requisite education and training services, it added.