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New grants scheme launched to bolster cyber security capability

A new $25.6 million fund has been established by the federal government to incentivise the provision of cyber security training.

A new $25.6 million fund has been established by the federal government to incentivise the provision of cyber security training.

The Morrison government has announced the launch of the Cyber Security Skills Partnership Innovation Fund, which aims to support the delivery of new career pathways in the sector.

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As part of the $25.6 million scheme, grants of between $250,000 and $3 million will be offered to businesses and education providers who commit to collaborating to develop innovative projects that improve the quality or availability of cyber security professionals in Australia.

Eligible projects include:

  • developing and delivering specialist cyber security courses for professionals;
  • retraining programs;
  • professional development;
  • apprenticeships, internships, cadetships, work experience and staff exchanges; and
  • establishing cyber labs and training facilities.

Applicants are required to submit a joint application, with one eligible lead organisation serving as the main driver of the project, and at least one other project partner.

Approximately $13 million in funding is expected to be available for the first round of the grants program, which closes on 11 March 2021.

The second round of funding is expected to be launched late this year.

“Cyber security is essential to our digital economy and needs to be strong in all areas, particularly in small and medium enterprises, which comprise 98 per cent of all Australian businesses,” Minister for Industry, Science, and Technology Karen Andrews said.

“This fund builds on our commitment to keep Australians secure online, and to support building industry capability.”

Minister for Home Affairs Peter Dutton said developing the nation’s cyber capabilities underpins the government’s Cyber Security Strategy 2020. 

“Having more people trained in cyber security will build on the other measures funded as part of our $1.67 billion Strategy to keep Australians safe online and protect against cyber attacks from malicious actors including cyber criminals,” Minister Dutton said.

The Cyber Security Skills Partnership Innovation Fund forms part of the $50 million Cyber Security National Workforce Growth Program.

New grants scheme launched to bolster cyber security capability
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