Crossword Cybersecurity Plc : UK/US Collaboration Mission Report
(Thomson Reuters ONE) -
UK/US Collaboration Mission Report
October 20, 2016
In May 2016, Crossword Cybersecurity plc led a group of leading UK cyber
security academic researchers on a week long mission to the US, funded by the UK
Government Department of Culture, Media and Sport (DCMS). The objectives were to
meet with counterparts at world class US institutions to gain insights into the
commercialisation process within the cyber security research domain and to
understand the US approach to commercialising academic research relative to the
wider cyber ecosystem.
The UK group represented a range of cyber security research interests and
institutions, all at different stages of exploring whether to commercialise
their research activities. The mission was hosted by the University of
California (UC) Berkeley, Stanford University, Harvard University and the
Massachusetts Institute of Technology (MIT), with a number of external speakers
participating such as the Department of Homeland Security, SRI International,
start ups and venture capital investors, in addition to the university research
staff and technology transfer representatives.
This note is our summary of findings that resulted from the mission, with a
particular focus on drawing out key insights relating to the commercialisation
of cyber security research. These insights, in our assessment, fall under five
headings.
* Fostering a culture of innovation and entrepreneurship with a particular
emphasis on changing attitudes towards failure.
* Reflecting on time, by moving with real urgency at one end of the spectrum
whilst simultaneously taking the long view.
* Moving away from the lone "hero" entrepreneur towards a more team based
mindset.
* Crafting smart rewards that serve to foster spin out activity rather than
restrain it.
* An open and commercial mindset towards licencing models, including open
source approaches.
In our opinion there is a rich seam of world class cyber security research in
the UK. Whilst the scale of cyber activity in the US is huge, with US Government
expenditure in the region of forty times the UK Government cyber budget, we
estimate that over 250 cyber security research projects have been conducted or
are on-going in the UK since 2007, leveraging in excess of £200m in grant
funding. There are some very positive examples of cyber security research being
commercialised in the UK and several UK universities are already world class in
their technology transfer activities. With the huge amount of outstanding cyber
security research going on, the potential to scale up the UK's cyber security
commercialisation activities is vast.
We hope that by applying some of the learning that emerged from this important
mission, the UK cyber academic research community can unleash the next wave of
cyber ventures that will have a major impact on cyber innovation in the UK and
beyond.
To read the full report please go to the Crossword Cybersecurity plc website.
Further information, please contact:
Tom Ilube
CEO, Crossword Cybersecurity
Tel: +44 (0) 20 8973 2350
Email:info(at)crosswordcybersecurity.com
ISDX Corporate Advisor
Nick Michaels and Jon Isaacs, Alfred Henry Corporate Finance Limited
www.alfredhenry.com
Tel: +44 (0) 207 251 3762
ISDX Corporate Broker
Claire Louise Noyce - CEO, Hybridan LLP
Tel: +44 (0) 203 764 2341
Email: Claire.noyce(at)hybridan.co
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Crossword Cybersecurity Plc via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2016 - 13:54 Uhr
Sprache: Deutsch
News-ID 503841
Anzahl Zeichen: 4299
contact information:
Town:
Richmond
Kategorie:
Business News
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