The 2016 Defence Industry Policy Statement outlined a new approach to Defence innovation. Defence has transformed the way it approaches innovation, streamlining its engagement with industry and academia, simplifying access to Defence research funding, and creating a seamless link between capability needs, smart ideas and innovation in Australian industry.
Defence now has a single innovation development pipeline, with two-signature innovation programs: the Next Generation Technologies Fund; and, the Defence Innovation Hub.
The Next Generation Technologies Fund is managed by Defence Science and Technology Group.
With an investment of $730 million over the decade to 2025-26, the Next Generation Technologies Fund is a forward-looking program focusing on research in emerging and future technologies for the "future Defence force after next".
Innovative technologies and concepts researched under the Next Generation Technologies Fund could be further developed and realised into capability through the Defence Innovation Hub.
For further information on the Next Generation Technologies Fund visit the website.
Funded at around $640 million over the decade to 2025-26, the Defence Innovation Hub accepts proposals that are ready to enter the engineering and development stages of the innovation process from concept exploration and technology demonstration, through to prototyping and integrated capability demonstration and evaluation.
For further information on the Defence Innovation Hub, including its priority investment areas, visit the website.