The Australian Strategic Capabilities Accelerator will commit an estimated $680 million over the next ten years to the research and development of emerging and disruptive technologies, according to its interim head.
Professor Emily Hilder has revealed that 20 per cent of ASCA’s budget, which is currently $3.4 billion over the next decade, will be spent on R&D of technologies that need support over the long-term.
She said that ASCA’s innovation missions, which will form the core of its activity, will be “very focused” on delivering capabilities quickly to address immediate challenges in the strategic environment.
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