The new Canberra node is a part of AustCyber’s national network of nodes, which fosters and accelerates cyber capability development, innovation and commercialisation across Australia.
AustCyber, an industry-led not-for-profit company, says global spending on cyber security products and services is expected to increase by 885 over the next eight years, from around 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.
“ACT Government’s partnership with AustCyber is an important step in the advancement of the cyber security industry in the ACT in many ways,” said Linda Cavanagh, Canberra Cyber Security Innovation Node Manager.
“The Node is growing and creating jobs while strengthening Canberra’s knowledge economy – particularly around cyber security in the space, defence and education sectors.”
“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,” Cavanagh said.
Cavanagh noted that the Canberra Node had already undertaken activities with companies with an ever increasing international reach such as archTIS, Cogito Group, Penten and Quintessence Labs.