News & Analysis

Here’s who got funding in the latest round of the government’s $15 million cybersecurity fund

- February 13, 2020 3 MIN READ
Photo: AdobeStock

 

 

The federal government has chosen 17 industry-led projects in the second round of its $15 million, AustCyber Projects Fund to help the Australian cyber security industry grow.

Industry, Science and Technology minister Karen Andrews has allocated $8.5 million in the latest and final round of funding, which included matched industry funding.

The biggest winner was Canberra-based Fifth Domain, a specialist cyber security education and training company tackling the global cyber security skills shortage, which received $987,741 in AustCyber funding, followed by $950,000 for Locci, the blockchain-based biometric data protection company founded by Mike Simpson, the former ead of Products at Telstra.

Minister Andrews today released details on 13 of the 17 recipients, saying the remaining four will be available shortly.

Here’s a list of who got the cash and what for:

  • Australia’s Academic and Research Network (AARNET) was awarded a project to the value of $1,848,780 to develop a Security Operations Centre service to help institutions to monitor, detect and respond to cyber threats.Industry funding: $1,293,780AustCyber funding: $555,000
  • Airlock Digital was awarded a project to the value of $1,300,000 to deliver commoditised Application Whitelisting to Managed Service Provider (MSP) and smaller businesses, building on their existing enterprise-grade product.Industry funding: $650,000AustCyber funding: $650,000
  • Alpha Beta was awarded a project to the value of $1,220,860 to develop an interactive heat map of demand and supply for cyber security jobs in states and metro areas across Australia and enable local educators, employers, policymakers, and job seekers to understand the cyber security job market within their region.Industry funding: $610,430AustCyber funding: $610,430
  • Amplify Intelligence was awarded a project to the value of $200,050 to create a cyber safety service which will be trialled by 100 small businesses, including in regional locations, to measure cyber risks derived from critical datasets from both an external and internal view of their risks. This project will be delivered in partnership with Gallagher.Industry funding: $100,050AustCyber funding: $100,050
  • Cynch Security was awarded a project to the value of $209,969 to deliver and study the impacts of cyber risk interventions by applying the Cynch Cyber Fitness platform to tailor programs for small or micro businesses.Industry funding: $100,000AustCyber funding: $109.969
  • Fifth Domain was awarded a project to the value of $1,975,482 to develop a learning platform to support individual lab training, collective cyber range exercises and dynamic, gamified Capture the Flag style challenges to provide a variety of training experiences to optimise job readiness.Industry funding: $987,741AustCyber funding: $987,741
  • Serinus Security was awarded a project to the value of $535,060 to develop the HackHunter WiFi Threat Analytics Platform, which will use data to provide insights into safe WiFi areas and identify malicious WiFi trends and behaviours globally.Industry funding: $267,530AustCyber funding: $267,530
  • Kortek was awarded a project to the value of $2,218,050 to deliver a highly secure Internet of Things platform to give stakeholders unparalleled control over the security and interoperability of their distributed networks through a combination of industrially robust hardware and a programmable operating system that make it possible to securely integrate endpoint devices into any cloud. This project will be delivered in partnership with Telstra and Intellidesign.Industry funding: $1,291,927AustCyber funding: $926,123
  • Locii was awarded a project to the value of $1,900,000 to develop the trUUth Identity Platform which fragments, encrypts and shards user biometrics across multiple trusted servers so that no single entity has access to a user’s complete biometric vector, improving online safety and eliminating the need to remember many different usernames and passwords. This project will be delivered in partnership with Laava, Macquarie Bank, Nu Mobile and the Australian Finance Group (AFG).Industry funding: $950,000AustCyber funding: $950,000
  • Penten has been awarded a project to the value of $3,075,485 to provide fly-away kits to a pilot group of regional SMEs and academia so they can access their own classified IT network on a scalable, multi-tenant service.Industry funding: $2,275,485AustCyber funding: $800,000
  • Quad IQ has been awarded a project to the value of $612,216 to develop the Intelligent Trust Evaluation System (ITES) by Quad IQ to dramatically reduce the time to complete security vetting.Industry funding: $312,216AustCyber funding: $300,000
  • Responsight has been awarded a project to the value of $250,746 to develop a system for forensic data collection, investigations and early warning risk analytics based on behavioural activity profiling. This project will be delivered in partnership with McGrathNicol.Industry funding: $125,373AustCyber funding: $125,373
  • WorldStackPenten and TSS Cyber have been awarded a project to the value of $499,102 to accelerate joint development of a prototype (HoneyTrace) to address the challenge of data breach detection and bring the solution to market through a customer trial.Industry funding: $ 274,102AustCyber funding: $225,000

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