Digital technologies are the great enablers. They have changed the way we live our lives and have allowed us to do things we never previously thought possible. But our increasing reliance on them presents a vulnerability, a channel through which criminal and rogue elements are able to exploit nations, businesses, and individuals. As hardware and software becomes cheaper and more accessible, cyber attacks are no longer only initiated by powerful, sophisticated organisations, but by individuals with their personal computers as well. Consequently, the demand for cyber security is increasing significantly and remains high on the priority list for governments worldwide. The cyber security field is able to utilise technology to provide protection for our data and ourselves – detecting threats and processing intelligence to ensure our online and physical safety. It is for these reasons that cyber security has been chosen as the subject of this year’s Global Security Challenge (GSC).
Founded in 2006, the GSC is the world’s preeminent security prize. Providing a unique opportunity for start-ups to interact with government, industry, academia, and investors, previous winners and finalists have gone on to raise more than $120 MM in capital. This year’s Challenge is supported by a range of important stakeholders in the sector, including C5 Capital, Office of Naval Research-Global, Combating Terrorism Technical Support Office (CTTSO), Chatham House, Asia Pacific Security Magazine, MySecurity, Royal Holloway-University of London, and Global Security Finance. When this Challenge opened earlier this year, C5 Capital’s Nick Kingsbury shared his thoughts, and words of encouragement for the Solvers.
After collecting submissions from around the world (including North America, Europe, Middle East, Africa, and Asia Pacific), our wider judging panel of experts representing government, industry, investment, and academia evaluated the entries along set criteria. Five finalists per category (pre-revenue and post-revenue) were chosen to proceed to the 2013 Summit, where they will pitch to be named this year’s winner.
We are delighted to announce this year’s finalists (in alphabetical order):
Pre-revenue Category (less than 250,000 USD in annual revenue)
|Abatis (UK) Ltd||UK|
|SQR Systems Limited||UK|
|Whitenoise Laboratories Canada Inc.||Canada|
Post-revenue Category (250,000 – 10 MM USD in annual revenue)
|Neurologix Security, Inc.||USA|
|Serval Project Inc.||Australia|
The Summit will take place on Thursday, September 12, 2013 in partnership with Royal Holloway’s Information Security Group, just outside of London, UK. Tickets are free and still available. To watch top pitches, learn from informative panels, and take advantage of the international networking opportunities, please do get in touch.
Authored by InnoCentive’s Graham Buchanan, Project Manager, and Siobhán Gibney Gomis, Director of Business Development