Building a Silicon Valley for Cybersecurity

Posted March 26, 2015 at 5:00am

Christian Science Monitor : “The global cybersecurity market was $67 billion in 2011 and is projected to grow as high as $156 billion by 2019… Seeing a window of opportunity, state governments and pro-business groups from California to Texas and Florida are positioning themselves to win federal contracts and score venture capital investment. Some are going to extraordinary lengths to build what they call ‘a cybersecurity ecosystem.'”  

“They are commissioning economic impact studies, developing tax incentives to attract companies to their regions and even hiring PR firms to devise branding strategies. They are competing over government contracts, even investing in startups with money from state coffers. With as many as 300,000 cybersecurity jobs across the country unfilled last year, according to security company Symantec, they are crafting academic programs for public universities to win research grants and generate the next crop of highly skilled workers poised to make six figures– and stay local.”