Mentoring from the country’s leading cyber experts
Access to Wayra UK’s network and knowhow, and training in entrepreneurship and business skills
Financial assistance throughout the programme
Wayra’s investor network will help businesses scale
Access to state-of-the-art, modern facility for start-ups
Access to Telefónica’s network of 300m customers across 17 countries
The first step in the development of two world-leading innovation centres as part of the Government’s £1.9bn National Cyber Security Programme, it will drive innovation in the cyber security sector and help keep British businesses and consumers safe from online attacks and threats.
Successful applicants will gain access to GCHQ’s world-class personnel and technological expertise to allow them to expand capability, improve ideas and devise cutting-edge products to outpace current and emerging threats.
The partnership will help teams develop their businesses and secure the investment needed to take their companies to the next level.
A roster of best-in-class coaches and mentors from GCHQ and the wider Telefónica Group – including O2 and ElevenPaths – will provide support. Start-ups will also receive a financial grant, and access to work space.
Both innovation centres are intended to support the growth and development of the next generation of cyber security companies. This is intended to support the development of new and innovative companies in cyber security, growing capacity and capability nationally, supporting GCHQ’s core activity as well as contributing to Government ambitions to promote prosperity.
All of the companies have been selected through a rigorous competition and have been subjected to appropriate background checks.
A key aspect of the recruitment process is a challenge list of real-world cyber security problems. We are most interested in those companies developing products and solutions aligned to those problems.
This includes access to GCHQ and Telefónica cyber experts; access to Wayra UK’s network of investors, coaches and mentors, and training in entrepreneurship and business; a £5,000 Wayra grant; access to Telefónica’s network of 300m customers across 17 countries; and insights to government procurement processes, IP management, export controls and information assurance architecture.
For selected products, there will be an opportunity to gain fast-track cyber product assessment and to pitch products and services to select government departments, including the MoD. GCHQ will also offer direct access to its range of national and international commercial partners across the cyber security sector.
Wayra UK gives direct funding, acceleration and pre-acceleration services (such as co-working space, connectivity services, mentoring, access to Wayra UK’s network and knowhow, training in entrepreneurship and business skills) to selected start-ups. Since 2012, Wayra UK start-ups have raised over $110m in third-party investment.