Cybersecurity software business, Hyprfire, has been awarded a $785,322 Accelerating Commercialisation Grant from the AusIndustry Entrepreneurs’ Programme, funded by the Department of Industry, Science and Resources of the Australian Federal Government.
The grant was awarded as part of a competitive process, where applicants are judged by an independent panel against key commercialisation criteria and a selected number of grantees are successful.
Hyprfire’s team gratefully acknowledge the Federal Government’s support of Hyprfire’s sovereign, cyber security capability in the context of rapidly growing cyber attacks on Australian organisations and citizens.
“The Accelerating Commercialisation grant is a huge boost to our capacity to develop sovereign cyber capabilities and our ability to take our solutions global. We’re humbled and excited to receive the support of the Australian Federal Government in carrying out our mission to provide accurate, fast and quiet NDR capability to organisations of all sizes,” said Tim Jones, Hyprfire’s Managing Director.
Hyprfire’s grant was part of the final round of the AC program which has now closed, save for maintenance of ongoing projects. The long running program funded businesses, start-ups and researchers who have a novel product, process or service ready to scale up and commercialise in global markets.
The grant funding will be instrumental in driving the continued development of Hyprfire’s patented Network Detection and Response (NDR) solution, Firebug, and its expansion into global markets including the USA and Europe.
