Australian Minister for Defence Industry Christopher Pyne has announced the launch of a new Defence Innovation Hub in Adelaide.
The move is in line with the government's commitment to invest $1.6bn in innovative defence technologies.
The hub will invest close to $640m in technology development, ranging from initial research to engineering stages.
The Australian Department of Defence has called on the industry to submit proposals to the hub through its innovation portal.
Pyne said: “The hub is all about an agile and transparent approach to innovation investment with the introduction of new business practises, including refreshed contracting frameworks and innovative intellectual property policies.
“The innovation portal provides transparent and timely information, such as Defence’s priority innovation needs.”
The submitted proposals will be assessed for ongoing management by the hub.
Businesses and prime defence contractors will be able to submit ideas, make connections and collaborate in the development of innovative technology, according to the minister.
The launch coincides with the opening of Australia's Centre for Defence Industry Capability (CDIC), which will advise small-to-medium enterprises about proposals they wish to submit to the Defence Innovation Hub.
The CDIC will provide expert advice in business improvement, skills development, export and supply chains, supplier continuous improvement, and defence market preparedness.