Parliament

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

Gordon Campbell: On The Hong Kong Protest Movement

Nearly ten weeks after the huge Hong Kong protests began, managing to still get 1.7 million people onto the streets in the rain is a testament to how strong the pro-democracy movement has become...

The pro-democracy protests enjoy huge support among Hong Kong’s youth, partly because the democratic systems currently at risk have only a limited time span. More>>

ALSO:

 
 

Welfare: More Measures To Help Those Facing Homelessness

Ministers have announced $54 million in Government funding for initiatives which will support at-risk individuals and whānau to stay in their existing tenancies. The funding will also provide additional wrap around services. More>>

ALSO:


Corrections: New Strategy On Māori Reoffending And imprisonment

Authentic co-design with Māori, incorporating a Te Ao Māori worldview, and greater connectedness with whānau are key elements of Hōkai Rangi, Corrections’ new departmental strategy designed to address the long-term challenge of Māori reoffending and imprisonment. More>>

ALSO:

Pacific Island Forum: Australia v Everyone Else On Climate Action

Traditionally, communiques capture the consensus reached at the meeting. In this case, the division on display between Australia and the Pacific meant the only commitment is to commission yet another report into what action needs to be taken. More>>

ALSO:

Unscoped Or Missed Damage: Resolution For Canterbury Owners Of On-Sold Homes

People with over-cap on-sold* properties in Canterbury can now apply for a Government payment so they can get on and repair their homes. More>>

ALSO:

Hamilton-Auckland: First Urban Growth Partnership Signed

New Zealand’s first urban growth partnership between the Government, local councils and mana whenua was signed at a meeting of mayors, chairs and ministers in Hampton Downs today. More>>

ALSO:

Vote On Action Next Week: Secondary Principals Walk From Negotiations

“Unfortunately we consider there is no further value in continuing negotiations at this point. The government has not been able to table an offer that will be acceptable to our members.” More>>

Patrol Car Stolen, Glocks Taken: Manhunt In Gore

The driver rammed the patrol car before fleeing on foot with Police chasing, also on foot. The man has then circled back around, stolen the patrol vehicle, which had the keys left in it, and rammed another Police car... Two Police-issued Glock pistols were stolen. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels