Minister for Defence Materiel Jason Clare today announced that applications are now open for $9.2 million in grants to defence companies to develop innovative ideas that help build and sustain Australia’s Priority Industry Capabilities.
This is the first round of grants on offer under the $45 million Priority Industry Capability Innovation Program.
Mr Clare announced last month that companies would be able to apply for up to $4 million in matched funding for projects that will improve or enhance a Priority Industry Capability.
“There are no more important capabilities that Defence industry has than our priority industry capabilities,” Mr Clare said.
“These are must haves – the things we cannot do without”
“This includes things like infantry weapons, ship dry-docking and electronic warfare.
“The ideas this program will fund will help strengthen these capabilities in Australia.”
Companies can apply for up to $4 million in matched funding for innovative projects that will improve or enhance a Priority Industry Capability.
This funding delivers on a commitment made in the 2010 Defence Industry statement.
The program will be overseen by the Defence Innovation and Industry Board.
Recipients of the first $9.2 million will be announced in the first quarter of next year.
Companies wishing to apply for PIC Innovation Program funding, or access more information can visit www.defence.gov.au/dmo/id/picip/
or call the Industry Programs hotline on 1800 651 292.
Media contact: Korena Flanagan – 02 6277 7620