The contractual Public-Private Partnership (cPPP) on cybersecurity was launched
On Monday, 5th of June, the Commission launched a new public-private partnership on cybersecurity that is expected to trigger €1.8 billion of investment by 2020. This 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 cybersecurity market, one of the fastest growing markets in the ICT sector, yields huge economic opportunities. Strengthening the EU's cybersecurity industry will allow European businesses to seize these opportunities and reinforce trust of citizens and businesses in the digital world, contributing to the goals of the Digital Single Market Strategy.
As part of the EU cybersecurity strategy, the European Commission and the European Cyber Security Organisation (ECSO) signed a cPPP on 5 July 2016.
The aim of the partnership is to foster cooperation between public and private actors at early stages of the research and innovation process in order to allow people in Europe to access innovative and trustworthy European solutions (ICT products, services and software). These solutions take into consideration fundamental rights, such as the right for privacy.
It also aims to stimulate cybersecurity industry, by helping align the demand and supply sectors to allow industry to elicit future requirements from end-users, as well as sectors that are important customers of cybersecurity solutions (e.g. energy, health, transport, finance).
The cPPP will be instrumental in structuring and coordinating digital security industrial resources in Europe. It will include a wide range of actors, from innovative SMEs to producers of components and equipment, critical infrastructure operators and research institutes, brought together under the umbrella of ECSO.
The EU will invest up to €450 million in this partnership, under its research and innovation programme Horizon 2020. Cybersecurity market players are expected to invest three times more.
The first calls for proposal will be launched in the first quarter of 2017