$1bn Defence fund carves out ground from NRF


A proposed $1 billion federal co-investment fund for dual-use technologies is being shaped to avoid overlap with the National Reconstruction Fund, directing its focus towards early-stage advanced capabilities.

More details on the Advanced Capabilities Investment (ACI) Fund emerged on Thursday as Defence briefed industry on its early parameters, sketching out what promises to be a homegrown approach to a model that has proven successful in the US and UK.

The …

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