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flag Australia launches $1B defence innovation fund on Feb. 18, 2026, matching private investments to boost AI, cyber, and autonomy tech.

flag The Australian government is launching the Advanced Capability Investment Fund on February 18, 2026, inviting private sector co-investment in defence innovation, with the government potentially matching contributions up to $500 million to create a total fund of up to $1 billion. flag The fund will target critical technologies like AI, cyber, autonomy, quantum, and undersea warfare, aiming to boost local jobs, innovation, and sovereign capability. flag This move follows criticism over insufficient local industry involvement in defence contracts, as revealed by a 2025 audit. flag A national armaments director will oversee reforms to improve acquisition speed and budget efficiency. flag Final fund structure and private managers will be selected through a request for expressions of interest launched on the same day, with additional defence ventures expected at the upcoming ADM Congress.

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