NSW hosts the largest and most diverse range of cyber security providers in Australia, with significant capability and jobs footprint.
With annual revenue in the Australian cyber security sector forecast to hit $6 billion by 2026, the NSW Government has created the NSW Cyber Hub to supercharge the sector’s growth. Its programs include the NSW Cyber Business Exchange that connects businesses to the local cyber security ecosystem. An accelerator in residence initiative is open to international applicants and designed to attract new participants to NSW.
NSW is expanding our talent base by encouraging school students to enter the sector, strengthening the skills of higher education students and subsidising cyber businesses hiring new entrants.
Seven of NSW’s 11 public universities have dedicated cyber research capabilities, nurturing talent and building the knowledge needed to ensure NSW stays at the forefront of the ever-evolving cyber threat.
Australia is 1st globally on the MIT Technology Review Cyber Defence Index 2022/23 - ranking countries according to their collective cyber security assets, organisational capabilities, and policy stances.
Australia is forecast to spend $6.6 billion on cyber security in 2024
50% of Australian cyber security businesses export globally
36% of Australia's total cyber workforce is based in NSW - more than any other state or territory.
87 cyber security businesses are headquartered in NSW, accounting for 30% of the total sector in Australia.
$240 million allocated to boost the NSW Government's cyber security resilience
NSW Cyber Hub
The NSW Cyber Hub, established under the 2021 NSW Cyber Security Strategy, is committed to growing cyber businesses in NSW, driving investment, building the future talent pipeline and supporting innovation and R&D.
Supporting your move to New South Wales
Investment NSW can connect you with a range of services and incentives available to businesses looking to grow.
Investment NSW offers bespoke services to businesses looking to build a presence within NSW.
The team at Investment NSW provides tailored advice on grants, rebates , programs and other incentives your business may be eligible for.
Whether you need a high-tech lab, an advanced manufacturing facility connected to a university or a greenfield site in regional NSW, we can assist.
We can work with you to establish a presence in a precinct or collaboration area suited to your needs.
In collaboration with the NSW Department of Planning, Industry and Environment, we provide services to help you find the right accommodation:
- determining the type of accommodation to best meet your businesses requirements
- advice and support regarding opportunities available on Government land (both long and short term)
- support navigating the planning process.
We can provide tailored information and data, including local market insights, on our priority sectors.
We can introduce you to stakeholders who can support your growth objectives. This may include connecting you to:
- corporate partners
- business chambers
- industry associations
- technology precincts
- research institutes
- government agencies.
We offer curated introductions and virtual visit programs to help you identify local partners, distributors, industry stakeholders and service providers.
Once you have established here, a wide range of services and programs are available to use NSW as a springboard into Asia. We can help you identify opportunities to expand in the region.
Our Business & Skilled Migration Program is highly supportive of NSW’s growing tech industries and precincts. The program attracts new and emerging digital technology capabilities and skills, provides visa and migration advice to businesses, and nominates high potential migration candidates to live and work in NSW.
These initiatives have spurred the growth of digital technology businesses across the state and are available to all organisations considering investment opportunities in NSW.
Contact Investment NSW today to find out more about investment opportunities in New South Wales.
Our newsletter, the NSW Cyber Connect, is the best place to stay up-to-date on cyber security funding programs, international missions, industry consultations and events.
Last updated: 31 January 2023