The initiative is a national program designed to inspire individual solutions that expand Australia`s ability to use artificial intelligence and promote a national network focused on the development of artificial intelligence and machine learning technologies, which is of considerable importance to the Australian defence and national security community. Thank you to all the candidates for your proposals for the Industry Competitive Evaluation Research Agreement (iCERA). We have received a large number of significant applications and the tender evaluation team is still working on the evaluation process. We will contact you as soon as the decision has been made. The Australian government has recently increased its investments in the defence industry to accelerate the economic recovery, according to Covid-19. The Morrison government continues to invest in Australia`s expanding defence industry, which plays a key role in our post-COVID-19 economic recovery. Next Generation Technologies Fund is one of the cornerstones of the Turnbull government`s $1.6 billion investment in defence industry innovation to build a technologically advanced Australian defence force of the future. The NGTF provides a total value of $36 million over a six-year benchmark, which focuses on nine key priorities in the 2016 Defence White Paper, including integrated intelligence, surveillance and information, space capabilities and cyber defence. This included the intention to maximize the “opportunity” for Australian industry to participate in defence projects. Incubator Support – Business nurseries offer grants of up to $100,000 to access high-quality research, management and technology skills through national and international expert detachments. This know-how aims to increase the skills of business incubators and improve the chances of commercial success for start-ups in international markets. Next Generation Technologies Fund and Defence Innovation Hub are at the heart of a new integrated defence innovation system. The new centre for defence industry capacity is the gateway and the main access point to the defence innovation system.
Together, these initiatives will contribute to economic prosperity and job growth in Australia. As part of a new sector support programme to be launched today, small defence firms will be recruited to engage in the fight against cyber threats. “That`s why I`m pleased that ICERA`s first priority is cyber defence and cybersecurity.” The Defence Innovation Hub is an initiative of the 2016 Declaration on Defence Industries and will invest approximately $640 million in the maturation and development of technologies that have moved from the early scientific phases to the development and development phases of the innovation process.