Commission launches a new partnership on cybersecurity
On 5 July 2016 the Commission launched a new public-private partnership on cybersecurity in Strasbourg. This partnership is part of a series of new initiatives to better equip Europe against cyber-attacks and to strengthen the competitiveness of its cybersecurity sector. The PPP cybersecurity is expected to trigger €1.8 billion of investments by 2020.
The EU will invest €450 million in this partnership (contractual public-private partnership ) under Horizon 2020. Cybersecurity market players, represented by the European Cyber Security Organisation (ECSO), are expected to invest three times more. This partnership will also include members from national, regional and local public administrations, research centres, and academia. The aim of the partnership is to foster cooperation at early stages of the research and innovation process and build cybersecurity solutions for various sectors, such as energy, health, transport and finance.
As part of its Digital Single Market strategy the Commission wants to reinforce cooperation across borders, and between all actors and sectors active in cybersecurity, and to help develop innovative and secure technologies, products and services throughout the EU.