And the award for understatement goes to …

The Australian Research Council,for its launch of the ARC Centre of Excellence for Transformative Meta-Optical Systems

Apparently the centre will, “revolutionise technology as we know it.”

“Research milestones achieved by this team will underpin technology that helps make self-driving vehicles a reality, allow doctors to receive real-time images from inside patients at a cellular level, develop moving holograms from smartphones and make Wi-Fi a thousand times faster.”

All that for just $34.9m over seven years from the ARC.