Cyber Security Funding for Businesses

If you have a business, your responsibility is to protect your customer’s private data, or any other information that is crucial to protect business from fraudsters and hackers. Hence, it’s vital to have a secure system in place to safeguard your company’s info from cyber-crime and to create and keep customer trust. This is the reason why the Australian Federal and State Governments have announced many grants and assistance programs to help businesses have adequate cyber security in place. Some of them are mentioned below:

Biz Secure NT – Cyber Security Grant

The Northern Territory’s Biz Secure program offers funding to businesses to help them strengthen the safety and security of their premises as well as upgrade their cyber security infrastructure. Individual firms or groups of enterprises can apply for a voucher to conduct an independent security review and perform one or more of the qualifying security improvement activities that are proposed. Individual businesses can receive $20,000 in funding, while clusters of enterprises can receive up to $50,000. Applications are now being accepted and will close on June 30, 2021.

Eligibility Criteria

To be eligible, your business must:

  • Be based in the NT
  • Operate in a commercial space
  • Have a maximum of 100 people working for you
  • Be a lone trader or partnership operating under a Northern Territory (NT) with a registered business name

Cyber Security Business Accelerator ACT

The Cyber Security Business Accelerator helps cyber security companies grow and find new clients by providing finance, expert advice, and targeted support. Four half-day courses and four half-day online mentor-ship and accountability sessions are included in the curriculum. Participants will be able to apply for grant cash from a pool of over $100,000 to help them with their project. A total of 5 free growth labs are available to participants. The Cyber Security Business Accelerator has started on Monday, May 24th; however, space is limited, so apply immediately. It is completely free to participate. This programme is designed to work in tandem with other cyber-business initiatives.

Eligibility Criteria

  • The company must be registered in the Australian Capital Territory
  • The company must be a cyber security start-up/existing business or a team within a larger company working on a new project

Digital Transition and Cyber Security

Covid-19 has taught a very important lesson and that is to do your business on the web as well. Government of Victoria is providing all help and support to businesses badly affected by Covid-19 in their digital transformation. You will get invaluable advice on whether your business is digital ready and if yes, then how to make a smooth transition from physical to digital business.

Under this program, you will also learn everything about the tools and software you need for doing your business online and how to take payments online in a safe and secure manner. A digital expert will teach you how to market your products and services. They will also tell you how to interact with potential customers on social media and establish your product as a brand.

Above mentioned are only some of the many grants and assistance programs sponsored by the Australian State and Federal Governments to ensure appropriate cyber security of businesses. To know more about such programs, please speak to one of our advisers at the number mentioned below.

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