As Australia faces the most uncertain geostrategic circumstances in 70 years, successive governments will increase spending on defence procurement. But with global tensions, war on two continents and ever-increasing fiscal constraints, will this funding be enough?
In the US, private investment in national security is regarded as a patriotic cause and lauded. Here, the narrative needs to change if Australia is going to compete and effectively defend itself.
There is an appetite for greater private investment in the Defence sector. But what are the challenges? What are the risks? And what can (and should) the Federal Government do to develop Defence as an Asset Class?
The ADM Defence Financing Summit, taking place on 16 October 2024 in Sydney, will bring together key players from Government, the investment community, Defence, and Defence industry to look at the opportunities and scope for private capital investment in Australian military capability.
Speakers
Bernice Glenn Kissinger
Senior Vice President, JETX (Joint Experimentation and Technology Accelerator), USA
Chris O’Çonnor
Partner,
NATO Innovation Fund
William McManners
Managing Partner, MD One Ventures – The European National Security VC
Andrew Perkins
Head of Partner Sales, Export Finance Australia
Mark Stevens
Managing Partner,
Periscope Capital Partners
Tim Haden
Director, Head of Origination, Australian Business Growth Fund
Sophie Mayo
Research Associate Foreign Policy and Defence, United States Study Centre
Steve Patrick
General Counsel and Head of Strategic Projects, DMTC
Justin Bain
CEO,
3ME Technology
Guy Boekenstein
Director, Armatus.ai
Misha Zelinsky
Director, Australian Super
AGENDA | 16 OCTOBER 2024
08:30
OPENING | Opening remarks from the Chair
OPENING UP AUSTRALIA’S DEFENCE ECOSYSTEM TO PRIVATE INVESTMENT
08:40
International Keynote Address | Attracting and Scaling Private Capital for Defense and National Security in the US
- Advancing the mission to develop, integrate, and implement proven partnered capital strategies to shape and scale investment in critical technologies
- The guiding framework for OSC programs to complement existing DoD and US government programs
- Determine technologies to prioritize for investment
- Establishing a collaborative approach to working with private capital markets for national and economic security
Bernice Glenn Kissinger, Senior Vice President, JETX (Joint Experimentation and Technology Accelerator), USA
09:00
Fireside Chat – Office of Strategic Capital and The Australian Defence Magazine
LT Graham ‘’Gray” Chynoweth, Director Global Investments, Office of Strategic Capital, US Department of Defense
Ewen Levick, Publisher, The Australian Defence Magazine
09:20
International Keynote Address | The role, aims and aspirations of the NATO Investment Fund, the world’s first multi-sovereign venture capital fund for defence innovation
- How the fund works, what it is looking to invest in
- Supporting deep technology innovators in providing solutions to NATO’s most critical defence, security, and intelligence challenges
- Connections with other funds such as NATO’s DIANA and the European Investment Fund
- Case studies of recent investments.
Chris O’Çonnor, Partner, NATO Innovation Fund
09:50
International Case Study | Case Study: Defence Financing – The UK Experience
- The appeal of ‘Duel-use’ technology
- What UK VCs look for in Defence investments
- How to position a start-up for investment
William McManners, Managing Partner, MD One Ventures – The European National Security VC
10:20
Morning tea
10:50
Transforming the way breakthrough military solution are delivered by rapidly translating innovative technologies into capabilities.
- The Missions to meet Defence’s most pressing needs.
- How Innovation incubation helps expose industry and academia’s capabilities to Defence
- Future proofing the defence innovation ecosystem through emerging and disruptive technologies
- Opportunities for private finance
11:20
Financing AUKUS Pillar II: Building a multi-sovereign public-private innovation fund
- How a trilateral Pillar II investment fund could facilitate a uniform investment strategy, aligned to government-defined aims and objectives for AUKUS;
- Creating an innovation ecosystem to match predictable and consistent capital with promising start-ups;
- How a trilateral fund seeded with public and private capital could make investments go further, faster.
Sophie Mayo, Research Associate Foreign Policy and Defence, United States Study Centre
11:50
Supporting Australian defence businesses to go global.
- Supporting direct exports, and supply chains in Australia and overseas
- Crowding in private sector finance
- Providing working capital, finance for expansion and buyer finance
Andrew Perkins, Head of Partner Sales, Export Finance Australia
12:20
Panel Discussion: Harnessing Australian superfunds for investment in Defence and National Security
- What is the current appetite for superfunds to invest more in the Defence space?
- What should the government do to encourage more investment from superfunds?
- Assessing the ESG risks
Misha Zelinsky, Director, Australian Super
13:00
Lunch
14:00
Case study: Launching Australia’s first $1bn Defence and National Security fund.
- Working closely with Defence to understand future capability requirements.
- Supporting companies to access global supply chains for AUKUS Pillar One
- Opportunities for Pillar Two investments
Mark Stevens, Managing Partner, Periscope Partners
14:20
Keynote Address: Mobilising private capital to support defence and national security.
- Fostering a local defence industry to fill capability gaps.
- The use of Accelerators, Angel Investors, Professional Equity and Dent funds to upscale Defence SMEs
- The use of tax incentives schemes such as the Early-Stage Venture Capital Limited Partnership and the Early-Stage Innovation Company Scheme
- The benefits incentivised investors bring to the party.
- How to increase the deal flow
14:50
Backing businesses that are building sovereign capability
- Successfully managing Australia’s only purpose-built $540m capital growth fund dedicated to SMEs
- What do we invest in and how do the partnerships work?
- Case study: Investing in 3ME Technology to enable an upscale of the business
Tim Haden, Director Origination, Australian Business Growth Fund
Justin Bain, CEO, 3ME Technology
15:10
Afternoon Tea
15:40
Collaborative Capability Development and Private Investment
- Filling Defence Capability requirements, improving sovereign industrial capability and putting Australia’s world-class research facilities to work
- The successful retirement of technical risks in the mid-to-late phases of development
- Opportunities for private funding to become more integrated into the business of defence
Steve Patrick, General Counsel and Head of Strategic Projects, DMTC
16:00
Accessing US government rapid procurement vehicles for allied nations, including in advanced prototyping and experimentation.
- US government’s ‘Build Allied’ initiative for an allied defence industrial base.
- The fusion of dual-use technology, private capital and rapid procurement vehicles linked to contracts.
- Challenges and opportunities for allied nations.
- Case study: Other Transaction vehicles for allied nations’ advanced prototyping and experimentation.
Guy Boekenstein, Director, Armatus.ai
16:20
Panel Discussion: ESG -the elephant in the room
- Can defence investments align with the UN’s 16th Sustainable Development Goal?
- Do we need an Australian version of the UK’s Defence ESG Charter?
- Steps needed to be more ESG friendly. Is good governance and strong returns enough?
- How the EU, UK and US are tackling this issue
16:50
Closing remarks
17:00
Networking Drinks
Pricing
*SME is defined as organisation with fewer than 200 employees worldwide, including parent company, regardless of structure.
**Department of Defence/ADF attend for free. Please register for ADF/Dept Defence pass by emailing info@informa.com.au.
Packages | Full Rate |
Conference pass – Standard Industry Rate | $1,195 + GST |
Conference pass – SME Defence Contractors | $695 + GST |
Venue
Radisson Blu Plaza Hotel, Sydney
27 O’Connell St,
Sydney NSW 2000