The first Defence Industry and Innovation Programs Update Report, covering the Defence Innovation Hub, Next Generation Technologies Fund and Centre for Defence Industry Capability (CDIC), shows that these initiatives are successfully advancing Defence’s capability and growing Australian industry.
The Defence Innovation Hub received over 390 innovation proposals and awarded more than $53.5 million in contracts aligned to Defence’s strategic priorities for innovation investment.
The Next Generation Technologies Fund has received over 800 proposals, funded collaborations with over 40 companies, universities and publicly-funded research organisations, and committed at least $110 million to research programs in the coming years.
The CDIC’s advisor network has assisted over 750 businesses, with 75 per cent of those accessing tailored advisory services new to doing business with Defence.
Minister for Defence Industry Christopher Pyne congratulated the programs.
“In the first year alone, these programs are already delivering substantial results for Defence capability and Australian industry,” he said.
“Through close collaboration, Defence, industry, and research organisations are delivering a strong, sustainable and innovative local industry which can meet Defence’s future research and capability needs."
"I look forward to their continued success over the next decade."
The update report and more information on the programs can be found here.