Minister for Defence Materiel Dr Mike Kelly AM MP today announced that five Australian defence companies will be offered a total of $9.4 million in funding through the second round of the Priority Industry Capability Innovation Program (PICIP).
Dr Kelly said the PICIP provides eligible Australian defence companies with up to $4 million in matched funding to help commercialise innovative technologies that support and enhance Australia’s Priority Industry Capabilities.
“Four of the five successful applicants being offered funding this round are small to medium enterprises with the grants ranging in size from around $220,000 to $3.4 million,” Dr Kelly said.
The projects will lead to development in four areas of defence industry identified as Priority Industry Capabilities within the 2010 Defence Industry Policy Statement including electronic warfare and high frequency and phased array radar.
“These grants will be used by the companies to commercialise their research to produce new technologies and improve their competitiveness both in Australia and in the global marketplace,” Dr Kelly said.
The five successful companies offered funding this round through the Defence Materiel Organisation (DMO) are:
- BAE Systems Pty Ltd
- Chemring Pty Ltd
- Electro Optic Solutions Pty Ltd
- Jenkins Engineering Defence Systems Pty Ltd
- Lintek Pty Ltd
Companies seeking further information on the Priority Industry Capability Innovation Program should visit www.defence.gov.au/dmo/id/picip/ or call the program office on 1800 651 292.
Dr Kelly’s Office: Robbie Rynehart (02) 6277 7730 or 0459 810 654
Defence Media Operations (02) 6127 1999