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Priority Industry Capability Innovation Program

The Priority Industry Capability (PIC) Innovation Program is an Australian Government initiative that will invest up to $45 million in grants into Australia’s defence industry over the next 8 years. Companies working in the Australian defence sector can apply for grants of up to $4 million per project, to help fund new and innovative projects that will benefit strategically important defence industry capabilities, known as Priority Industry Capabilities (PICs).

 

The first funding round for the PIC Innovation Program has opened, with applications closing on 6 January 2012.

 

Innovative projects that improve particular aspects of the following PICs may be considered:

 

More information about the PIC Innovation Program can be found at

http://www.defence.gov.au/dmo/id/picip/

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