Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Private sector R&D fund opens for business

Sunday 10 September 2000 Media Statement


Private sector R&D fund opens for business


The Government's new $11.8 million grants scheme to help firms carry out research and development opens for business on Monday.

The new fund is called Grants for Private Sector R&D and is managed by the Foundation for Research, Science and Technology. Its aim is to increase the level of private sector R&D in New Zealand by co-funding new research projects.

"One of this Government’s priorities is to build greater levels of private sector involvement in R&D," said Minister for Research, Science and Technology Pete Hodgson. "We are determined to build a true knowledge society in New Zealand and research and innovation are essential to achieving that."

Firms wishing to apply for grants can register online from Monday at www.technz.co.nz. Successful applicants will receive up to 33 per cent of the costs of R&D projects, to a maximum of $100,000.

The fund is targeting small and medium sized companies. Eligible projects are those likely to have the greatest sustainable impact on a firm’s future R&D investments.

"Private sector R&D in New Zealand is only about 0.34 per cent of GDP. This is very low by international standards and we need to substantially increase business investment in R&D here," Mr Hodgson said.

"Wealth today is coming more from knowledge and ideas than from the production of commodities. This means the talent and experience New Zealanders have applied to primary production and processing must be applied increasingly to research and development. We have to convert the results of our academic and industrial research into value-added exports."

The new fund complements existing support for business offered by the Foundation. Total funds in its suite of schemes for industry – which includes Technology for Business Growth and Technology for Industry Fellowships – are now $36 million.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news