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More Govt support for business incubators

Friday, 07 June 2002 Media Statement

More Govt support for business incubators

Eleven business incubators have received $1.19 million from Industry New Zealand’s Incubator Development Programme to help them provide tailor-made services to fledgling companies.

A total of $1.5 million has now been distributed by the programme this financial year (to June 30).

“Support for business incubators is a key plank in the government’s Growth and Innovation Framework,” said Small Business Minister Pete Hodgson said. “Government support for incubators helps ensure that New Zealand innovators can turn great ideas into new businesses and jobs.”

Incubator Development Programme funding is used by incubator managers to establish best practice in business incubation. That includes incubator operations, such as management salaries, training, IT development, administrative support, marketing, mentoring and business services for incubator tenants. Businesses in incubators are not funded through the programme, but may be eligible for support from other Industry NZ programmes.

Incubators typically provide work space, support services and an intensive mentoring programme for entrepreneurs and new businesses at the start-up and early stages of development.

The recipients of the latest awards were:

Auckland

- Auckland University of Technology (AUT), Auckland - $150,000

Contact: Kate Pender, telephone: 09-571-8186

- Massey University e-Centre, Auckland - $150,000

Contact: Steve Corbett, telephone: 09-443 9791

- Enterprise Waitakere, Waitakere - $70,000

Contact: Clyde Rogers, telephone: 09-837-1855

- The Icehouse, Auckland - $110,000

Contact: Andrew Hamilton, telephone: 025-960-101

- Industrial Research Ltd, Auckland - $75,000

Contact: Peter Connor, telephone: 09-373-8404

Wellington

- Innovation Greenhouse Porirua, Porirua - $80,000

Contact: Dayle Lakeman, telephone: 021-401-587

- Wellington Incubator, Wellington - $80,000

Contact: Clare Nolan, telephone: 04-494-2541

- Innovation Greenhouse, Wellington - $95,000

Contact: Mike Doig, telephone: 04-495-5072

Christchurch

- Spark Ventures Ltd, Christchurch - $80,000

Contact: Pete Summers, telephone: 03-353-7355

- Canterbury Innovation Incubator (Cii), Christchurch - $200,000

Contact: Stephen Hampson, telephone: 03-366-0154

Dunedin

- Dunedin Fashion Incubator, Dunedin - $100,000

Contact: Geoff Terpstra, telephone: 03 471-9974

For more information on the incubator programme: www.incubators.govt.nz


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