Minister for Defence Materiel Jason Clare today announced that applications are now open for more than $8 million in grants to defence companies to develop innovative ideas that help build and sustain Australia's Priority Industry Capabilities.
This is the second round of grants on offer under the $45 million Priority Industry Capability Innovation Program.
"These grants will help strengthen priority industry capabilities in Australia," Mr Clare said.
"The program will help boost investment in local industry and drive innovation.
“Capabilities that could benefit from this program include infantry weapons, acoustic technologies and electronic warfare.”
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 Industry Innovation Board.
Applications close on 7 December and the successful recipients will be announced in mid-2013.
Companies wishing to apply for PIC Innovation Program funding, or access more information can visit http://www.defence.gov.au/dmo/id/picip/ or call the Industry Programs hotline on 1800 651 292.
Media contact: Annie Williams – 0428 040 522