Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Callaghan appoints eight incubators for funding

Callaghan appoints eight incubators for funding

By Suze Metherell

July 9 (BusinessDesk) - Callaghan Innovation, the government funded innovation hub, has approved eight new company incubators to receive funding under its incubator support programme, including three tech-focused firms which will have access to repayable government grants.

Three new tech-focused incubators, PowerHouse, Astrolab and WNT Ventures, will be eligible for up to $450,000 worth in repayable government grants, with the incubator companies matching funding at a one to three ratio of up to $150,000. Callaghan also approved funding for five founder-focused incubators, previously known as business incubators, The Icehouse, The Bio Commerce Centre, Creative HQ, eCentre and Soda Inc.

"Collaboration bodes well for developing and growing new companies in our high tech sector, which is crucial to growing our economy," Science and Innovation Minister Steven Joyce said in a statement.

The tech-focused incubators will focus on commercialising intellectual property, primarily sourced from publicly funded research organisations, like universities and Crown Research Institutes. The repayable grants are a trial programme, which was allocated $31.3 million over four years in the 2014 Budget.

Callaghan appointed the eight incubators through a panel which included New Zealand Trade and Enterprise, Ministry for Business, Innovation and Employment, New Zealand Venture investment Fund, Callaghan Innovation, an independent New Zealand private sector expert and an Israeli incubation model expert.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news