Minister for Defence Industry Melissa Price announced the release of the 2018-19 Defence Industry and Innovation Programmes annual report. The report provides details of the progress and achievements of the government’s key Defence industry and innovation programmes. Price said more than $120 million in research and innovation contracts were awarded to industry, universities, and publicly funded research agencies during the year. Australian businesses also received over $15 million in Sovereign Industrial Capability Priority grants and $2.3 million in Capability Improvement grants. “Three years on, the government’s $1.6 billion investment in these programmes is enhancing Defence capability by unlocking the creative potential of Australia’s industry and innovation sector,” Price said. “Importantly, our investments through the Defence Innovation Hub have created more than 200 Australian jobs since the program’s launch in 2016. I am encouraged to see how Australian businesses, particularly small businesses, are thriving, innovating and delivering state of the art technologies.”
To read the report, click here.
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