James McGrath (Queensland, Liberal National Party, Assistant Minister to the Prime Minister) Share this | Hansard source

The coalition government's investment of $730 million over 10 years through the Next Generation Technologies Fund, NGTF, is an unprecedented opportunity that can deliver high-impact future capabilities for Defence by tapping into the talent and innovation in Australia's industry and academic institutions. The NGTF will commit to research and the application of science to develop new technologies that have transformational capabilities for Defence. The NGTF will serve as a crucible for creating game-changing technologies through research and new technologies. Those that prove promising will transition to the Defence Innovation Hub for further development into Defence capabilities.