“Cybersecurity is the next big thing”, is our CEO Berthold Baurek-Karlic convinced. Today, he spoke at the IMPACT 2015 conference, which aims to connect the tech-science community with entrepreneurs and investors. The event was organized by SBA Research, the leading Austrian IT security research center.
Why is Cybersecurity becoming a main topic for Venture Capitalists? For two reasons: More and more IT security incidents occurs worldwide while the average financial loses through cybercrime are increasing as well. At the same time new technologies such as Smart Homes, Mobile Payment Solutions or Industry 4.0 Applications are evolving. These technologies are efficient and cost saving but they also create new cybersecurity threads, forcing companies to invest heavily in their IT infrastructure.
That’s why Cybersecurity Startups have the potential for rapide growth and high profits. As Berthold pointed out in his presentation, Austria has already a long tradition in the IT security sector and is home of some great hidden champions. Additionally Europe has a clear competitive advantage with it’s relatively strict data protection laws. (Read the comment of Mr. Andreas Tomek, Managing Partner of SBA Research, for more details.)
But we have to act fast to stay competitive as the US and Israel are already investing heavily in this market. We need to fund our existing companies considerably and give new Cybersecurity Startups more support! That is exactly what we want to do: While SBA Research teach new cybersecurity companies how to walk – Venionaire aims to fund them in a later stage to let them grow!
Check out Berthold’s presentation (in German):
Picture: © Shutterstock.com/Maksim Kabakou.