SECURITY concerning the Internet of things (IoT) is being taken to a new level in Scotland with a new cyber accelerator competition.

It is being organised by Censis, the Scottish innovation centre for sensor and imaging technology, which is offering a package of co-ordinated growth over several months to help them accelerate an IoT cyber security or resilience product or service for up to five Scottish-based companies.

The competition is open to companies with innovative plans to move into or grow their presence in the IoT security space, individuals with strong ideas and concepts and ideas that can be applied to any sector or market. Censis will select an overall winner from the five winners of the support packages, with the overall winner of the IoT Cyber Challenge Accelerator Programme winning a semi-finals place at the Scottish EDGE competition.

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This is the UK’s biggest business funding competition for businesses based in Scotland with early-stage, innovative, high-growth potential ideas.

On offer are loans and grants of up to £150,000 and a comprehensive business support package.

Around 250 are attracted to each bi-annual round of the contest, with only around 50 of the original entrants reaching the semi-finals.

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