Graeme Dunk and James Kruger write: In a recent ASPI report, Robert Clark and Peter Jennings argued for the establishment of an Australian version of the US Defense Advanced Research Projects Agency (DARPA). Conceptually, it’s a very good suggestion. However, we need to think deeper about how to take advantage of Australia’s pools of private capital, which are among the largest in the world due to compulsory superannuation. The problem isn’t just about overcoming current budget allocation issues in universities. We need to industrialise innovation and marry it to our strategic purposes.