Consortium gets $80 million to oversee Canadian Cyber Security Innovation Network

Ottawa invests up to C $ 80 million over four years in a group called the National Cybersecurity Consortium (NCC) to oversee the Cybersecurity Innovation Network (CSIN) goal of boosting research, developing and developing the country, and training more cybersecurity officers.

The money will help CSIN boost cybersecurity research and development, increase commercialization and develop skilled IT talent, the government said this morning.

“This funding will help create a strong national cybersecurity ecosystem in Canada and position the country as a world leader in cybersecurity,” the government said in a statement.

“By encouraging partnerships between academia and industry, the network will help address the shortage of cybersecurity professionals. And by leveraging Canada’s highly skilled workforce, world-class universities and a growing cybersecurity industry, CSIN will support Canada’s leadership in cybersecurity. ”

The National Cybersecurity Consortium is a federal nonprofit organization founded in 2020 by five Canadian universities (Concordia University, Ryerson University, University of Calgary, University of New Brunswick and University of Waterloo). Its goal is to work with the public and private sectors to lead world-class cybersecurity innovation and talent development.

Hopefully, the NCC says Canadian cybersecurity researchers will create cutting-edge intellectual property that will lead to commercialized products and services.

Organizations wishing to work with CSIN can contact the NCC directly.

The network will have to match the 1: 1 federal contribution cost for an additional $ 80 million over four years, which will be provided as a combination of cash and / or in-kind contributions. Relevant contributions are expected to come from a combination of non-federal government partners (e.g., private sector, provincial / territorial / municipal governments, and others, such as nonprofits and Canadian higher education institutions).

“Demands for the digital economy continue to grow rapidly, and cybersecurity is a growing concern for Canadians and Canadian businesses,” Innovation, Science and Industry Minister Francois-Philippe Champagne said in a statement. “That’s why it’s so important to maintain and invest in a strong, secure, and resilient Canadian cyber ecosystem. Through these investments, the Cyber ​​Security Innovation Network will not only help promote Canada’s prosperity, security and innovation, but will also help build a nation of pioneers in cybersecurity. ”

“We believe that under the leadership of NCC, CSIN will be a key force in promoting cybersecurity innovation in Canada,” the consortium’s executive group said in a statement. “As a nationwide network, CSIN is ready to significantly advance cybersecurity in all sectors and in all regions of Canada. CSIN opens a new chapter of collaborative innovation in Canadian cybersecurity, and we look forward to working closely with all stakeholders as we build CSIN in the coming months. ”

A government press release says that, according to Statistics Canada, in 2018 the Canadian cybersecurity industry contributed more than $ 2.3 billion to GDP and 22,500 jobs to the Canadian economy.

Canadian businesses said they spent $ 7 billion in 2019 to prevent, detect and recover from cybersecurity incidents, the government added.

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