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Grant Award View - GA329615
Commercialising Hyprfire's Network Detection & Response technology
GA ID:
GA329615
Agency:
Department of Industry, Science and Resources
Approval Date:
18-Jul-2023
Publish Date:
1-Aug-2023
Category:
Business Development
Grant Term:
31-Jul-2023 to 29-Dec-2029
Value (AUD):
$863,854.20
(GST inclusive where applicable)
Original:
$785,322.00
Variations:
- GA329615-V1 - Correction to contract details (9-Aug-2023 )
One-off/Ad hoc:
No
Aggregate Grant Award:
No
PBS Program Name:
DISR 23/24 Growing innovative & competitive bus, industries & regions
Grant Program:
Entrepreneurs' Programme - Accelerating Commercialisation
Grant Activity:
Commercialising Hyprfire's Network Detection & Response technology
Purpose:
Hyprfire Pty Ltd has developed a novel and patented Network Detection and Response (NDR) software that protects companies IT systems against attack. It is faster, cheaper and better than existing AI based solutions.
This project will build on the current product 'Firebug' so that it can be delivered to vertical markets through the best channels - Managed Security Service Providers (MSSPs) as a service and in a form that requires reduced human intervention by the end client or by the MSSP. Hyprfire can then sell this software without its analysis and reporting service being required, which is currently limiting growth, and will prevent efficient scaling.
The Entrepreneurs Programme Accelerating Commercialisation support will enable product-market fit and deliver a commercial quality, hardened product to be sold to a global market. This product will be referred to as 'Firefly'.
GO ID:
GO Title:
Entrepreneurs' Programme - Accelerating Commercialisation
Internal Reference ID:
ACGRANT002142
Selection Process:
Open Non-competitive
Confidentiality - Contract:
No
Confidentiality - Outputs:
No
Grant Recipient Details
Recipient Name:
HYPRFIRE PTY LTD
Recipient ABN:
28 645 515 206
Grant Recipient Location
Suburb:
PERTH
Town/City:
PERTH
Postcode:
6000
State/Territory:
WA
Country:
AUSTRALIA
Grant Delivery Location
State/Territory:
WA
Postcode:
6000
Country:
AUSTRALIA