Challenge
- Position London as a global hub for cyber security innovation and adoption (the sister project to GCHQ in Cheltenham)
- Design and deliver a national 3-year programme to support and scale 72 high-growth companies in the UK’s cyber security sector
- Bring cyber security to the forefront of the digital economy ensuring UK businesses have a robust and secure digital infrastructure
Solution
- Wrote the vision, strategy and business model
- Oversaw brand development and helped select the first cohort
- Designed a comprehensive accelerator programme for the incubated businesses
- Drew in corporate members, professional services firms and engineering talent from the Centre for Secure Information Technology in Belfast
Results
- Facilitated partnerships between corporates and start-ups
- Developed the engineering talent pool
- Increased adoption of novel technology
- Attracted financing from international sources
- Through five accelerators in three years, LORCA has helped 72 cyber innovators raise over £200m in investment and earn over £37m in revenue. Now its turbocharging the growth of six graduates with LORCA Ignite: a new scaleup programme.