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Europe’s cybersecurity investment platform comes out of stealth mode

Europe’s cybersecurity investment platform comes out of stealth mode
Syndicated By Iain Fraser Cyber PR Wire

In 2020, ECSO [European Cyber Security Organisation] wrote to the European Commission calling for action to fill the venture funding gap for companies in its sector. Two years on, things are finally moving. October saw the publication of a report setting out options for a European Cybersecurity Investment Platform [ECIP] with decisions due soon on the format to be taken forward.
 
ECSO is delighted to announce that the European Commission has launched an invitation to companies, public administrations and other organisations to submit proposals for innovative cybersecurity solutions and to apply for EU funding under the Digital Europe Programme. 

Now the first steps are underway to devise new ways of financing cybersecurity start-ups and scale-ups, to fill a €1.75B investment gap. Currently, European companies ‘tend to underperform against their international peers’ and ‘generally raise less funding,’ says the Commission. 

With the goal of bringing together the European community of CISOs [Chief Information Security Officers] ECSO organised last month the first of what will be a recurrent event for CISOs at European level: the CISO Meetup. Learn More /...


Image Credit: ECSO

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