Building industrial capability to meet Defence priorities
Sovereign Industrial Capability Priority Grant
This grant program is being revised and will open as a new stream within the Defence Industry Development Grant program in mid-2024.
What do you get?
A grant of $50,000 to $1 million for up to 50% of the cost of a project that builds capabilities aligned with Defence’s Sovereign Industrial Capability Priorities. All projects must be completed prior to the program end date 30 June 2025.
Grant funding is capped at $3 million in a 3-year period per recipient.
Who is this for?
Small to medium sized businesses with an Australian business number (ABN). The business must be a company incorporated in Australia or and incorporated trustee on behalf of a trust.
How it works
You need to contribute 50% of the eligible project value.
Project activities can include:
- buying, leasing, constructing, installing or commissioning of capital equipment including specialist software to enhance cyber security
As they relate to the above activities, this can also include:
- design, engineering and commissioning activities
- workforce training and accreditations.
The Sovereign Industrial Capability Priorities are described on the Department of Defence websitewhich includes a SICP Fact Sheet listing the priorities. Defence reviews the priorities periodically and publishes updates on its website.
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