Cyber security experts at the University of Wolverhampton are creating innovative new technology to support large organisations in securely sharing and regulating their data.
The team went through a rigorous selection process, with three different phases of funding approval from the Cyber Security Academic Start-ups Accelerator Programme, aimed at supporting the commercialisation of research.
Led by Dr Gregory Epiphaniou and Professor Prashant Pillai of Wolverhampton Cyber Research Institute (WCRI), based at the University, the team have been awarded more than £125,000 funding over three phases to develop and test their 'Minimum Viable Product' (MVP).
They aim to create a decentralised data management platform to minimise execution times in data collection processes and log rotation, storage and processing of the communication networks within organisations.
Professor Pillai said: "We are in a digital economy where data is more valuable than ever. It is the lifeline of many modern businesses, services and products and is the key to the smooth functionality of everything from the government to private companies.
"However, collecting and securely distributing the plethora of data in a controlled manner is a growing global challenge. One of the biggest problems with existing solutions is the difficulty of keeping track of who has had access to the data and how the data may have changed over its lifetime while providing a secure and easy-to-use mechanism to share the data between different users."
Dr Epiphaniou said: "This is an excellent source of funding to help commercialise innovative research carried out in Universities. Apart from the monetary support, the accelerator programme also holds several boot-camps and training activities that help academics to take their ideas from conception to product. We hope to setup a university spin-out at the end of this process.”
This final latest phase will enable them to develop and deliver a product for final assessment. The final findings will be presented to a panel of industry experts, investors and government representatives at a demo day in January.
The Accelerator Programme is funded by DCMS (the Department for Digital, Culture, Media and Sport) and delivered in partnership with Innovate UK and Knowledge Transfer Network (KTN).
Picture caption from left to right: Professor Prashant Pillai and Dr Gregory Epiphaniou.