22 December 2010
Risks and rewards: Defence R&D in Australia
By Gregor Ferguson
This paper examines trends in Australian defence R&D spending and what they mean for government and industry players. There is still a place for innovation and R&D, but it must be targeted differently.
There is little appetite for long-term ‘blue sky’ research, but there is still a role for applied research and (especially) for rapid development of ‘quick fix’ solutions.
Gregor Ferguson is Editor-at-Large of Australian Defence Magazine and currently researching defence industry innovation success factors at the University of Adelaide’s Entrepreneurship, Innovation and Commercialisation Centre.