September 23, 2015 -
The National Strategy for Trusted Identities in Cyberspace (NSTIC) announced that it has issued nearly $4 million in grants to privacy-enhancing technology firms in its fourth round of pilot program funding, according to a report by ZDNet.
The move comes more than seven months after the National Strategy for Trusted Identities in Cyberspace (NSTIC) National Program Office announced it initiated its fourth round of pilot program funding in 2015 for innovative identity solutions.
The grants — which are part of an overall U.S. government-facilitated effort to build out an identity layer for the Internet — will help to fund separate pilot programs focused on curbing tax refund theft, boosting security regarding medical data and securing online data storage.
Grants were given to MorphoTrust ($1,005,168), HealthIDx ($813,922), and Galois, Inc. ($1,856,778), bringing NSTIC’s pilot program grants to a total of more than $34 million over the four rounds.
The grants will help fund 15 pilots facilitating the development of an identity layer for the Internet that is operated by the private-sector.
There are almost 130 organizations across 10 major industry sectors participating in the program, while the pilots have incorporated about 2.3 million individuals.
The NSTIC program is overseen by the National Institute of Standards and Technology (NIST) working within the Department of Commerce.