Victorian defence industry advocate Greg Combet AM confirmed the additional funding at last week's Pacific 2017 International Maritime Exposition, saying the institute is key in providing engagement between education and industry.
"The Defence Science Institute (DSI) helps identify capabilities, expertise and potential solutions in our universities that can be directed toward Defence priorities," Combet said.
"DSI provides a single access point and supports engagement between universities, industry and government through capability matching, provision of advice and intelligence, networking and promotional opportunities and practical support for collaborative activities."
DSI welcomed the announcement, saying it looks forward to continuing its role of advanced technology facilitation between defence primes, small and medium enterprises (SMEs), and university researchers, toward growing the Australian defence supply chain and creating jobs in the sector.
The institute's activities will include a new focus on maritime initiatives and opportunities while continuing to include development of other domains, such as land, air and joint operations.
DSI was established in 2010 within the University of Melbourne and is jointly funded by the state government of Victoria, the Commonwealth government’s Defence Science and Technology (DST) Group and the University of Melbourne.