Australia, the United Kingdom and the United States have launched a new initiative that promotes the development of new advanced military technologies.
The AUKUS Defense Investor Network is comprised of private capital investors from about 300 institutional venture capital firms, corporate venture capital groups and family offices from the three nations. Together, the network represents over $265 billion.
Heather Jo Richman, Adrian Jones and Jamie Watson of government advisory firm BMNT will sit as co-chairpersons of AUKUS DIN.
“The AUKUS DIN builds on the efforts of the existing Defense Investor Networks in the U.S., UK and Australia, helping to advance the development of dual-use technologies with clean, trusted capital,” said Richman.
Among the technologies the organizations will pursue in line with AUKUS priorities are electronic warfare, artificial intelligence, hypersonics and counter-hypersonics, quantum computing, and undersea capabilities.
According to Richman, the network will convene online and in-person beginning in 2024.