DSIT Publishes an evaluation of the CyberASAP programme

An evaluation of the government's Cyber Academic Startup Accelerator programme which helps academics commercialise their cyber security products and services

The government’s Cyber Security Academic Start-up Accelerator (CyberASAP) programme is funded by the Department for Science, Innovation and Technology (DSIT) and delivered by Innovate UK. It supports the commercialisation of UK cyber security research and helps academic researchers to turn ideas into fully rolled-out commercial projects by developing the academics’ entrepreneurial skills.

This research is part of the government’s wider work to grow the UK cyber security sector, develop the UK cyber ecosystem and increase cyber resilience across the UK economy.

Some key facts to note:

• The Programme demonstrated strong value for money, with total monetised benefits (£12.2m–£17.6m) significantly exceeding costs (£3.7m–£3.9m), and additional unquantified future benefits anticipated in innovation, investment, and business survival.
• 33% of participants saw employment growth compared to 5% of unsuccessful applicants
• Across the four years of Programme delivery, between 57 and 79 FTE jobs in total are estimated to have been created, an average of 1.7 FTEs per company higher compared to unsuccessful applicants
• Across the four years of Programme delivery, a total of between £5.4m and £6.5m of additional business revenue is estimated to have been generated as a result of participating in the programme.

To read the full report follow the link below.