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Entrepreneurship

 

Raising red flags

Government grant for cybersecurity startup ThinkCyber.

Red flags on a shoreline.

The ThinkCyber startup co-founded by Cambridge Judge Business School alumnus Tim Ward (PGDE 2016) was awarded a Fast Start UK business disruption grant to further develop its security awareness software Redflags.

The project will focus on the needs of small and medium enterprises (SMEs) during and post COVID-19 (coronavirus) pandemic. Redflags will deliver guidance directly to employees in order to rapidly change business practices such as aligning with remote working, transitions back into the office, stop-start lockdown measures and associated business threats.

Tim says that ThinkCyber will focus on cyber-security behaviour in SMEs, “aligning content with their needs, reducing barriers to adoption, increasing self-service configuration and allowing immediate impact through a Freemium delivery model”.

The grant package of £40 million was set up by the UK Government to drive forward new technological advances. Innovate UK received over 8,600 applications and around 800 projects will share the funding, with ThinkCyber being granted £28,000.

Business Secretary Alok Sharma said: “The coronavirus crisis has created challenges that impact the way we live, work and travel but has also prompted a wave of new innovations as businesses look at ways to solve some of the challenges facing our world today.

“This funding will support UK startups to deliver potential solutions, services and ways of working and help ensure the long term sustainability of these businesses.”

In other recent news on ThinkCyber, the company was named in the Global CyberTech100 list; its Redflags Security Stories was recently accredited by the National Cyber Security Centre. Earlier in April the firm was selected for the TechNation Cyber Cohort 2.0 as “one of the UK’s most promising cyber scaleups”.