Defence, Growing sovereign capability, Innovation, Manufacturing News

New funding toward cutting-edge sovereign defence capabilities

The Federal Government has announced a $4 million ‘pitch day’ to fast-track the development and deployment of innovative defence technologies that contribute to a future made in Australia.

The pitch day is an initiative of the Advanced Strategic Capabilities Accelerator (ASCA) which was established by the Federal Government to provide the Australian Defence Force (ADF) with a capability edge.

Minister for defence industry, Pat Conroy, said the pitch day underscores a commitment shown to supporting industry and ADF capabilities.

“With this week marking ASCA’s first anniversary, it’s only fitting we announce the inaugural pitch day, underscoring our commitment to supporting industry and ensuring our ADF personnel are equipped with the capabilities they need,” said Conroy.

“One year after the establishment of ASCA, we’re already seeing initiatives and local innovators getting the support they need to help grow our sovereign industrial base and contribute to a future made in Australia.”

The theme of the first of two pitch days is ‘innovative asymmetric advantage’, which refers to disruptive technology that can have a deterrence effect.

Industry will have the opportunity to respond to an expression of interest and selected companies will be invited to pitch their technology or ideas.

These pitches will be aimed towards a defence panel during the Australian Defence Science, Technology and Research (ADSTAR) Summit which will be held from 17 to 19 September.

Following the pitch day, ASCA will invite successful participants to respond to development contracts valued at up to $750,000 each through a competitive process.

The total value of the development contracts on offer is up to $4 million.

ASCA focuses on transitioning game-changing ideas into defence capabilities.

It has the potential to unlock innovation from across the nation, bringing together the best experts from different sectors.

This will mean faster acquisition and better links between defence and industry to deliver the capabilities needed by the soldiers, sailors and aviators of the ADF.

The expression of interest period will be open until 22 July 2024.

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