On 3 August 2018, Minister for Jobs and Innovation, Senator the Hon Michaelia Cash, announced seven industry-led projects were being funded under the first round of AustCyber Project Fund.
The recipients and funding amounts were:
WithYouWithMe was awarded a project to the value of $300,000 to identify, train and add 75 new students into the Australian cyber security industry.
Industry funding: $150,000
AustCyber funding: $150,000
Fifth Domain was awarded a project to the value of $1,094,228 to produce a learning management system in partnership with the Canberra Institute of Technology, the Australian National University, and Nova Systems that enables education organisations, students and employers to collaborate in developing the cyber security workforce of the future.
Industry funding: $547,114
AustCyber funding: $547,114
Deception.ai was awarded a project to the value of $360,000 to complete an export commercialisation of its cyber security product and document this in a playbook to assist other Australian startups seeking to sell their products overseas.
Industry funding: $180,000
AustCyber funding: $180,000
Cybermerc was awarded a project to the value of $1,155,000 to build a next-generation Intrusion Detection System with La Trobe University, Optus and deception.ai that will significantly reduce the time to expose sophisticated cyber actors inside networks.
Industry funding: $605,000
AustCyber funding: $550,000
The University of Sydney was awarded a project to the value of $1,230,435 to deliver, with Australia and New Zealand Banking Group Limited (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank Limited (NAB), Westpac Banking Corporation and British Telecom, Cyber Security Challenges for High School students that develop cyber security skills and attitudes, and increase careers awareness.
Industry funding: $618,464
AustCyber funding: $611,971
QuadIQ was awarded a project to the value of $600,000 to build an intelligent IT system that reduces the time required to complete security vetting of people working in high-trust environments such as banking, finance, government and law enforcement.
Industry funding: $300,000
AustCyber funding: $300,000
Vault Systems was awarded a project to the value of $896,000 to build, with Quintessence Labs, the world’s first secure (homomorphic and Quantum key management) and scalable package for enterprise file synchronisation and sharing systems.
Industry funding: $448,000
AustCyber funding: $448,000
On 4 December 2018, Minister for Industry, Science and Technology, the Hon Karen Andrews, announced three industry-led projects were being funded under the second allocation of AustCyber’s Projects Fund.
The recipients and funding amounts were:
Cog Systems was awarded a project to the value of $995,500 to deliver methods and techniques for Internet of Things (IoT) device makers that significantly reduce vulnerabilities and prevent attacks against their products. This project also delivers a high-end Software Development Kit for IoT hardware platforms, through a convenient starter kit for security and virtualization of edge devices.
Industry funding: $497,750
AustCyber funding: $497,750
Note: $497,750 was awarded in matched funding to agreed milestones. The project is now complete.
Laava ID was awarded a project to the value of $3,000,000 to develop Laava's Smart Fingerprint™ technology, a new product tag and authentication platform that will help Australians (and consumers globally) identify and verify the quality of the products they buy, and make more informed choices, all through their smartphone. Laava's™ technology will become available to consumer products businesses and consumers.
Industry funding: $1,500,000
AustCyber funding: $1,500,000
Forticode was awarded a project to the value of $2,570,900 to leverage their Cipherise™ trusted identify platform which provides technology to support singular, personally-held digital identities, stored and managed on mobile devices. The project will create a highly scalable cryptographic based technology that can interface with both the physical and virtual worlds; allow for independent authentication of personal data and bi-directional communication to confirm intent, and; utilises quantum tolerant technologies and techniques.
Industry funding: $1,285,450
AustCyber funding: $1,285,450