UK Prime Minister David Cameron announced on 16 January that Britain would team up with US to better tackle cybersecurity threats while expanding its technological capabilities.
Cameron revealed that a new cyber security envoy would be appointed to help British small businesses while Andy Williams, the head of the government-funded UK cyber start-up and small business champion, would be based in the British Embassy in Washington and help boost UK-US cyber security deals.
Meanwhile, Cameron also hailed defence and security company Lockheed Martin's £250,000 investment into a cyber security Virtual Technology Cluster, bringing together industry, academia and the investment community, in partnership with London-based Restoration Partners.
The VTC is set to offer 2,500 UK tech innovators the opportunity to become involved in five cyber security contracts which could support a further 250 jobs in the UK.
So what is a VTC?
IBTimes UK got in touch with Auriol Stevens, a principal at tech merchant bank Restoration Partners and the VTC manager, to get the details on how the major project is set to help shape the landscape for cybersecurity and other issues in the future.