Nominations are open for the Maritime Australia Industry Innovation Awards, which will be awarded at the 2017 Pacific International Maritime Exposition in October.
"There are so many small-to-medium enterprises that have developed world-leading products that have not only met Australia’s defence needs but achieved success internationally," Minister Pyne said.
"These awards are about celebrating, recognising and rewarding the skills and expertise that exists within Australia.
"I strongly encourage companies and individuals to put their nominations forward."
The Department of Defence said innovation is at the forefront of the government’s principal defence industry and innovation initiatives, a key driver to generate new defence capability.
These awards, along with the Next Generation Technologies Fund (NGTF), the Defence Innovation Hub and the Centre for Defence Industry Capability (CDIC), have been identified as key drivers of innovation and achievement in the industry.
The NGTF will invest around $730 million over the decade in technologies that have the potential to deliver game-changing capabilities for the ‘future force after next’.
The Defence Innovation Hub is investing around $640 million over the decade into maturing and developing technologies that have moved from the early science stages into the engineering and development stages.
"Innovation in defence capability is fundamentally important to maintaining a warfighting advantage and capability edge," Minister Pyne said.
The front door for doing business with Defence, the CDIC, is available to provide the practical advice and assistance needed to work with Defence.
The awards have been developed by the national not-for-profit foundation Industry Defence and Security Australia Limited.
For more information about the awards, visit the website here.