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India eyes indigenous expertise in cyber security, to fund security start-ups

Country's expenditure on cyber security expected to grow about ninefold from over $4 billion to $35 billion by 2025

India is building its first platform for homegrown companies in its bid to build indigenous expertise in security technologies and help local firms to tap a larger pie of the country's digital security technology budget.

The government and industry have come together to prepare a road map for creating a platform for digital and products and solution companies. This includes creating a special fund for start-ups and grooming them to build local solutions to tackle internet security challenges.

At present, India's market size is about $4 billion, which is expected to grow ninefold to $35 billion by 2025, according to Data Security Council of India.

The move to build local expertise comes as the country increases focus on Digital India, a campaign mooted by Prime Minister Narendra Modi, to use technology in government and offer government-to-citizen services.

The Data Security Council of India (DSCI), part of industry body that is spearheading the shift towards local solutions, will collaborate with (Department of Electronics and Information Technology) (Deity) and Technology Development Board (of Department of Science and Technology) for the platform and funds.

In April 2016, an Indian delegation comprising government officials and industry veterans visited and Hague as well as Israel, which are globally known clusters, to study the best practices in the space.

“Based on the research, we have come up with a roadmap to build and promote an ecosystem for products and services companies and build necessary capabilities,” Rama Vedashree, chief executive of told Business Standard in an interview.

“We are exploring industry academia collaboration, commercialisation of products and getting global companies to invest in India for research and development.”

Earlier this year, brought together about 60-70 companies to give them a platform to grow.

According to the data collated by Nasscom, there are about 150 such companies and over 40 per cent of them are incorporated in or after 2010. However, the security landscape in India still remains considerably untouched by the investors. As per the data, just 40 per cent of security companies have received funding from global investors.

“Investment in the space is hard to come by as compared to e-commerce and other B-2-C  (business to consumers) start-ups.  We are working with as well as Technology Development Board  to set up a special fund can be set up for start-ups.”

The hotspots for such companies could be Telangana, which has come up with the policy in September that focuses on incubating start-ups. AP, which is in the process of finalizing its policy focuses on that as well.

“Telangana’s policy aims to incubate start-ups, capability development by training with police  and setting up a centre of excellence for malware research. This is in line with its vision to make the state a preferred destination for global companies,” said Vedashree. “Andhra Pradesh, which is finalising its policy, is also working along the same lines. We have worked together on the policy with the state to focus on companies and capability creation in the segment.”

Experts said that India has started taking small steps towards building cyber capability.

“At a national level, India is making steady progress on awareness and leadership. However, even the United States, which is widely considered ahead of the pack on this issue, is still grappling with major challenges today. isn't won or lost on a national level,” said Bryce Boland, Chief Technology Officer for Asia Pacific at FireEye.”In some ways, cyber attacks are  twenty-first century plagues, and if we are to stay secure, we need widespread immunity and awareness. India is not there yet.  

India, like many other countries, he said, is in dire need of professionals, but has the talent base to close this gap faster than most countries.

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Business Standard
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Business Standard

India eyes indigenous expertise in cyber security, to fund security start-ups

Country's expenditure on cyber security expected to grow about ninefold from over $4 billion to $35 billion by 2025

Moulishree Srivastava  |  Mumbai 

India eyes indigenous expertise in cyber security, to fund security start-ups

India is building its first platform for homegrown companies in its bid to build indigenous expertise in security technologies and help local firms to tap a larger pie of the country's digital security technology budget.

The government and industry have come together to prepare a road map for creating a platform for digital and products and solution companies. This includes creating a special fund for start-ups and grooming them to build local solutions to tackle internet security challenges.

At present, India's market size is about $4 billion, which is expected to grow ninefold to $35 billion by 2025, according to Data Security Council of India.

The move to build local expertise comes as the country increases focus on Digital India, a campaign mooted by Prime Minister Narendra Modi, to use technology in government and offer government-to-citizen services.

The Data Security Council of India (DSCI), part of industry body that is spearheading the shift towards local solutions, will collaborate with (Department of Electronics and Information Technology) (Deity) and Technology Development Board (of Department of Science and Technology) for the platform and funds.

In April 2016, an Indian delegation comprising government officials and industry veterans visited and Hague as well as Israel, which are globally known clusters, to study the best practices in the space.

“Based on the research, we have come up with a roadmap to build and promote an ecosystem for products and services companies and build necessary capabilities,” Rama Vedashree, chief executive of told Business Standard in an interview.

“We are exploring industry academia collaboration, commercialisation of products and getting global companies to invest in India for research and development.”

Earlier this year, brought together about 60-70 companies to give them a platform to grow.

According to the data collated by Nasscom, there are about 150 such companies and over 40 per cent of them are incorporated in or after 2010. However, the security landscape in India still remains considerably untouched by the investors. As per the data, just 40 per cent of security companies have received funding from global investors.

“Investment in the space is hard to come by as compared to e-commerce and other B-2-C  (business to consumers) start-ups.  We are working with as well as Technology Development Board  to set up a special fund can be set up for start-ups.”

The hotspots for such companies could be Telangana, which has come up with the policy in September that focuses on incubating start-ups. AP, which is in the process of finalizing its policy focuses on that as well.

“Telangana’s policy aims to incubate start-ups, capability development by training with police  and setting up a centre of excellence for malware research. This is in line with its vision to make the state a preferred destination for global companies,” said Vedashree. “Andhra Pradesh, which is finalising its policy, is also working along the same lines. We have worked together on the policy with the state to focus on companies and capability creation in the segment.”

Experts said that India has started taking small steps towards building cyber capability.

“At a national level, India is making steady progress on awareness and leadership. However, even the United States, which is widely considered ahead of the pack on this issue, is still grappling with major challenges today. isn't won or lost on a national level,” said Bryce Boland, Chief Technology Officer for Asia Pacific at FireEye.”In some ways, cyber attacks are  twenty-first century plagues, and if we are to stay secure, we need widespread immunity and awareness. India is not there yet.  

India, like many other countries, he said, is in dire need of professionals, but has the talent base to close this gap faster than most countries.

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India eyes indigenous expertise in cyber security, to fund security start-ups

Country's expenditure on cyber security expected to grow about ninefold from over $4 billion to $35 billion by 2025

Country's expenditure on cyber security expected to grow about ninefold from over $4 billion to $35 billion by 2025
India is building its first platform for homegrown companies in its bid to build indigenous expertise in security technologies and help local firms to tap a larger pie of the country's digital security technology budget.

The government and industry have come together to prepare a road map for creating a platform for digital and products and solution companies. This includes creating a special fund for start-ups and grooming them to build local solutions to tackle internet security challenges.

At present, India's market size is about $4 billion, which is expected to grow ninefold to $35 billion by 2025, according to Data Security Council of India.

The move to build local expertise comes as the country increases focus on Digital India, a campaign mooted by Prime Minister Narendra Modi, to use technology in government and offer government-to-citizen services.

The Data Security Council of India (DSCI), part of industry body that is spearheading the shift towards local solutions, will collaborate with (Department of Electronics and Information Technology) (Deity) and Technology Development Board (of Department of Science and Technology) for the platform and funds.

In April 2016, an Indian delegation comprising government officials and industry veterans visited and Hague as well as Israel, which are globally known clusters, to study the best practices in the space.

“Based on the research, we have come up with a roadmap to build and promote an ecosystem for products and services companies and build necessary capabilities,” Rama Vedashree, chief executive of told Business Standard in an interview.

“We are exploring industry academia collaboration, commercialisation of products and getting global companies to invest in India for research and development.”

Earlier this year, brought together about 60-70 companies to give them a platform to grow.

According to the data collated by Nasscom, there are about 150 such companies and over 40 per cent of them are incorporated in or after 2010. However, the security landscape in India still remains considerably untouched by the investors. As per the data, just 40 per cent of security companies have received funding from global investors.

“Investment in the space is hard to come by as compared to e-commerce and other B-2-C  (business to consumers) start-ups.  We are working with as well as Technology Development Board  to set up a special fund can be set up for start-ups.”

The hotspots for such companies could be Telangana, which has come up with the policy in September that focuses on incubating start-ups. AP, which is in the process of finalizing its policy focuses on that as well.

“Telangana’s policy aims to incubate start-ups, capability development by training with police  and setting up a centre of excellence for malware research. This is in line with its vision to make the state a preferred destination for global companies,” said Vedashree. “Andhra Pradesh, which is finalising its policy, is also working along the same lines. We have worked together on the policy with the state to focus on companies and capability creation in the segment.”

Experts said that India has started taking small steps towards building cyber capability.

“At a national level, India is making steady progress on awareness and leadership. However, even the United States, which is widely considered ahead of the pack on this issue, is still grappling with major challenges today. isn't won or lost on a national level,” said Bryce Boland, Chief Technology Officer for Asia Pacific at FireEye.”In some ways, cyber attacks are  twenty-first century plagues, and if we are to stay secure, we need widespread immunity and awareness. India is not there yet.  

India, like many other countries, he said, is in dire need of professionals, but has the talent base to close this gap faster than most countries.
image
Business Standard
177 22

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