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

 


Grants for R&D intensive NZ businesses

Hon Steven Joyce
Minister of Science & Innovation

6 March 2013

Grants for R&D intensive NZ businesses

Over $25 million worth of Government Technology Development Grants have been awarded to eight high-tech New Zealand businesses to help them speed up the development of innovative products and services and get them to the market faster.

The grants are the first to be allocated by Callaghan Innovation, which began operating on 1 February this year, taking over responsibility for the TDG from the Ministry of Business, Innovation and Employment.

The businesses, which each have a strong history of investment in research and development, have been congratulated by Science and Innovation Minister Steven Joyce.

“The successful commercialisation of innovative ideas is critical to the success of the New Zealand economy. Some of our most successful businesses in recent times have been the most innovative ones. We need more innovative businesses to compete successfully on the global stage,” Mr Joyce says.

“These grants are just one way the Government is encouraging investment in R&D by New Zealand businesses.”

Business across a number of New Zealand’s high value manufacturing sectors are represented in this year’s grant allocation as follows:

• AFT Pharmaceuticals Ltd
• CWF Hamilton & Co Ltd
• Fusion Transactive Ltd
• Greentree International Ltd
• Livestock Improvement Corp Ltd
• Methven Ltd
• Teknatool International
• Tru-Test Ltd

The Technology Development Grant is one of the flagship programmes announced in Budget 2010 to boost business R&D. The grants are valued at 20 per cent of the R&D spend of each business, up to a maximum of $2.4 million per year for three years.

Since its introduction 50 businesses have received a Technology Development Grant with a total worth of over $170 million.

The grants are assessed by an independent panel and managed by Callaghan Innovation, the new Crown entity charged with accelerating the commercialisation of innovation in New Zealand firms.

For more information on the support available for businesses investing in innovation, visit the Callaghan Innovation website (www.callaghaninnovation.govt.nz).

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Two Years With New Methods: Crime Stats Show Increase Led By Burglary

The two years of data show an increase in the total victimisation rate of 3.1 per cent, with 12,060 more victimisations in the 2015/16 year when compared to 2014/15 year. From this increase, 72 per cent is attributable to burglaries. More>>

ALSO:

Auckland Relocation Grants: 12 Grants Paid So Far

Since the policy took effect one month ago, 12 applicants have received the non-recoverable grant, supporting 32 people. $54,508 has been paid out, covering things like moving costs, bond, rent in advance and letting fees. More>>

ALSO:

Vaccine Funding Change: HPV Vaccines For All Children

PHARMAC has today announced changes to funded vaccines, which will benefit an extra 100,000 people... The human papillomavirus (HPV) vaccine will be available for all children and adults up to the age of 26 years, and boys will now be included in the HPV school vaccination programme. More>>

ALSO:

Gordon Campbell: On Why The Opinion Polls For Key And Trump Defy Gravity

What is going on? Donald Trump got confirmed as the Republican presidential candidate at a bizarrely chaotic political convention… and promptly received an upwards bump in the polls to where he’s now rating ahead of Hillary Clinton, for only the second time this year. More>>

Sugar: Auckland Leisure Centres Axe Unhealthy Drinks

Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes... More>>

ALSO:

Gordon Campbell: On Todd McClay’s Faulty Memory

Time and again, whenever an issue arises the initial response by government is to deny or diminish the problem – nothing to worry about here, everything’s OK, move on. Then, hang on. In line with the usual pattern, as embarrassing details emerged into daylight, the story changed. More>>

ALSO:

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news