The Defense Advanced Research Projects Agency will host an event in July to kick off a potential five-year, $1.5 billion program that aims to spur “transformative” innovation in the electronics field.

DARPA said Friday it expects to attract senior representatives from both the public and private sectors to the inaugural Electronics Resurgence Initiative Summit that is scheduled to take place in San Francisco, California, from July 23 to 25.

The agency plans to begin the event by introducing multiple research teams that will lead six “ERI Page 3 Investments,” which seek to complement traditional scaling concepts and continue improvements in the performance of electronics technology.

“The Summit seeks to foster a dialogue around existing and emerging ideas that can help steer the future direction of U.S. semiconductor innovation, in addition to highlighting current opportunities within ERI’s critical research programs,” said Bill Chappell, director of DARPA’s Microsystems Technology Office.

DARPA will officially launch the initiative 10 months after it released a broad agency announcement.

ERI Summit speakers include: