Fact sheet | Next Generation Technologies Fund 2016-17 allocations
The Next Generation Technologies Fund is a cornerstone 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 Next Generation Technologies Fund and the Defence Innovation Hub form the core of a new integrated defence innovation system.
The new Centre for Defence Industry Capability is the front door and primary access point to the defence innovation system. Together these initiatives will contribute to Australia’s economic prosperity and jobs growth.
This fact sheet provides a breakdown of the 2016-17 NGTF allocation.