Australia Awards Sovereign Capability Grants

The Australian government has awarded grants worth AUD12.4 million (USD8.4 million) to small local businesses that are developing or supporting capabilities regarded as “critical” for national defence. The funding – awarded through the government’s Sovereign Industrial Capability Priorities (SICP) scheme – was awarded to 21 companies across a range...

The Australian government has awarded grants worth AUD12.4 million (USD8.4 million) to small local businesses that are developing or supporting capabilities regarded as “critical” for national defence.

The funding – awarded through the government’s Sovereign Industrial Capability Priorities (SICP) scheme – was awarded to 21 companies across a range of capability themes, announced the Department of Defence (DoD) in Canberra on 9 August.

It added, “Grant recipients include manufacturing companies supporting our land combat vehicles, businesses undertaking research and development on cutting-edge technologies, and local businesses delivering the government’s naval shipbuilding plan.”

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Source: www.janes.com