A consortium led by Barclays Eagle Labs has been chosen to operate the new Manchester Digital Innovation and Security Hub (DISH).
DISH will be a place for collaboration between Manchester's business and entrepreneurial community, academics, public sector organisations and the voluntary sector to identify digital security threats and innovative responses to them.
The hub will offer co-working space as well as access to state-of-the-art equipment and facilities.
The 11,000sq ft cybersecurity hub will be located in Heron House, the same building as GCHQ and its National Cyber Security Centre.
The consortium partners are Barclays Eagle Labs, Plexal, Lancaster University and the University of Manchester.
Joanne Roney, chief executive of Manchester City Council, said: "The past 12 months have provided a compelling illustration both of the increasingly complex threats to cybersecurity as more and more use is made of technology and the importance of investing in innovation.
"There is a real opportunity now for Manchester to become a centre of excellence in developing new products to help safeguard both the public sector and businesses of all sizes.
"This will help drive economic growth and job creation in this fast-growing area which is emerging as one of Manchester’s distinctive strengths.
"The fact that we are emerging from the economic shock of a pandemic makes the Digital Innovation Security Hub all the more important."
Jon Hope, director of Barclays Eagle Labs, added: "Through this partnership, we have a great opportunity to accelerate the growth of Manchester’s digital security ecosystem, at a time when the industry is becoming ever more vital.
"We’ll bring the full benefits and the cybersecurity expertise we have in our UK wide Eagle Labs network, along with the world-leading knowledge and expertise of our partners Plexal, Lancaster University and the University of Manchester to make Greater Manchester a magnet for regional growth and DISH an epicentre of digital security innovation."
The Manchester Digital Innovation Security Hub is supported by Greater Manchester Combined Authority through the Local Growth Fund.
The hub is expected to be up and running later this year.