Jay Clemens
Lockheed Martin has invested an additional $376,000 in a virtual technology cluster that comprises industry, academia and investors in an effort to help UK-based cybersecurity firms obtain funds for new technologies.
The investment aims to help UK’s supply chain work with small cyber businesses to access capital, professional services and suppliers, Lockheed Martin said Jan. 16.
“Our VTC is a new way of working with suppliers to develop a comprehensive network that will stimulate growth in this crucially important technology sector,†said Stephen Ball, chief executive of Lockheed’s U.K. arm — Lockheed Martin UK.
Small and medium-sized enterprises will trade with larger companies through a multi-tiered arrangement.
Lockheed partnered with technology merchant bank Restoration Partners to form the network and the team piloted the cluster in 2014.
