Nov 19th, 2020
ProtectBox has secured part of the Innovate UK Sustainable Innovation Fund to keep the UK’s greenest, most innovative businesses thriving as part of the government’s commitment to build back better in the Government’s modern Industrial Strategy. It is run by UK Research and Innovation.
ProtectBox will extend their current cybersecurity comparison website and marketplace for businesses, to new consumer, enterprise, government & infrastructure customers. In addition, ProtectBox will be offering all their customers a new NetZero score on the products and services available to buy through their web and mobile platform. This will enable their customers to make purchasing choices based on the carbon neutrality of the companies supplying the products and services they are buying. In a similar way to offsetting the carbon impact of buying a flight.
Innovate UK, as part of UK Research and Innovation, is investing up to £191 million to fund single and collaborative research and development projects as part of the Sustainable Innovation Fund over the next two years.
The Sustainable Innovation Fund is funding 1,103 projects, 1189 UK businesses, and totalling over £130 million in support across the UK. The aim of this fund is to help all sectors of the UK rebuild after the effects of COVID-19, while helping the UK meet its ambitions to cut carbon emissions to net zero by 2050. This funding was provided through the Government’s modern industrial strategy by UK Research and Innovation.
ProtectBox CEO/CTO/Founder Kiran Bhagotra said: “We have always championed diversity and inclusion, the environment, sustainability and governance and are delighted to be able to now formalise this into our platform and offer it to our customers as a new feature.”
Innovate UK Executive Chair Dr Ian Campbell said: “In these difficult times we have seen the best of British business innovation. The pandemic is not just a health emergency but one that impacts society and the economy. ProtectBox, along with every initiative that Innovate UK has supported through this fund, is an important step forward in driving sustainable economic development. Each one is also helping to realise the ambitions of hard-working people.”
ProtectBox is the first and only award-winning, ethical AI-powered cybersecurity comparison marketplace, making security accessible to all. Our award-winning, un-biased, NetZero focused AI finds the perfect bundle of technology, people, and processes to provide everyone with fair access to cybersecurity solutions, in minutes for free. In the same way, banks sell insurance as an add-on, ProtectBox can be sold as an all-in-one cyber add-on by accountants, banks, insurers, lawyers, telecoms – anyone who is a data service provider to B2B/C/G/I, even governments. We are being asked by our Partners to repurpose our ethical AI e-commerce marketplace for industries (other than Cybersecurity) such as Digital Health, Cleantech, Agritech, Edtech, amongst others.
ProtectBox is part of the UK Government’s Department for International Trade’s Technology Export Academy to South East Asia cohort; Department of Culture, Media and Sport’s Go Global alumni, TechNation’s Rising Stars 1.0 alumni and London & Partners MIBP alumni. Winner of 10 Awards, including CogX’s Best AI in Cybersecurity 2020 (beating BT) and Wired Security Start-Up 2017.
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About Innovate UK, part of UK Research and Innovation
Innovate UK drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. We connect businesses to the partners, customers and investors that can help them turn ideas into
commercially successful products and services and growth.
We fund business and research collaboration to accelerate innovation and drive business investment into R&D. Our support is available to businesses across all economic sectors, value chains and UK regions. Innovate UK is part of UK Research and Innovation.
UK Research and Innovation
A new body which works in partnership with universities, research organisations, businesses, charities, and government to create the best possible environment for research and innovation to flourish. We aim to maximise the contribution of each of our component parts, working individually and collectively. We work with our many partners to benefit everyone through knowledge, talent, and ideas.
For more information visit www.ukri.org
Industrial Strategy Challenge Fund
The Industrial Strategy Challenge Fund aims to bring together the UK’s world leading research with business to meet the major industrial and societal challenges of our time. The fund was created to provide funding and support to UK businesses and researchers, part of the government’s £4.7 billion increase in research and development over the next 4 years.
It was designed to ensure that research and innovation takes centre stage in the Government’s modern Industrial Strategy. It is run by UK Research and Innovation.