$10 million for Defence innovation by small businesses

Minister for Defence Industry, the Hon Christopher Pyne MP, today announced $10 million would be invested over ten years in Australia’s small and medium enterprises (SMEs) to inspire and attract innovative research proposals from Defence industry.

Minister Pyne said the funding for the new initiative, called Small Business Innovation Research for Defence (SBIRD) will be provided by the $730 million Next Generation Technologies Fund (NGTF) to build Australia’s Defence capability.