The Liberal-National Government has awarded two Canberra businesses $7.1 million in contracts to develop cutting-edge technologies aimed at providing the Australian Defence Force with a capability edge.
Senator for the ACT Zed Seselja congratulated Penten and Quintessence Labs on receiving their respective contracts under the Government’s Defence Innovation Hub Programme, and thanked them for their contribution to Australia’s defence capability.
“Small businesses in Canberra’s defence industry are renowned for their capacity to innovate and both Penten and Quintessence Labs are no exception,” Senator Seselja said.
“The Liberal-National Government is investing in next-generation technologies to keep our ADF members safe, while giving Australian small businesses the opportunity to develop world-class capabilities which could be sought-after in a competitive, global market.”
Under the grant round, Penten has received a $5.4 million contract to continue the development of data protection products, and Quintessence Labs have secured $1.7 million to advance IT capabilities.
Minister for Defence Industry, the Hon Melissa Price MP, said the Liberal-Nationals Government’s flagship innovation program has created more than 200 new Australian jobs.
“The small businesses we support through the Defence Innovation Hub are creating opportunities for hundreds of Australians, and growing our sovereign defence capability at the same time,” Minister Price said.
“It’s a great example of what can be achieved by working together with industry.” Senator Seselja said local businesses and research organisations can submit innovation proposals through the Defence Innovation Portal at: www.business.gov.au/cdic