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

Gordon Campbell:
On Anne Tolley’s
Callous Folly

Years ago, I remember someone in the Heath Ministry telling me off the record that regulatory oversight in this country largely consisted in ‘waiting for something to turn green or fall off somebody’ before the authorities would swing into action...

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

 

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Donor Bill Passes: Full Income Compensation For Live Organ Donors

Unanimous cross-party support for the Compensation for Live Organ Donors Bill represents a critical step in reducing the burgeoning waiting list for kidney donations, according to Kidney Health New Zealand chief executive Max Reid. More>>

ALSO:

Earthquake Response: Emergency Legislation Prepared

Three new Bills have been drafted in the wake of the magnitude 7.8 earthquake on November 14 to ensure the government can enable affected communities to respond quickly and efficiently. More>>

ALSO:

Housing MPs: New Building(s) For Parliament

A new building will be erected on Parliament grounds to house Members of Parliament and their staff who currently work in leased accommodation in Bowen House. The plan has cross-Party support, apart from NZ First, said Parliament’s Speaker, Rt Hon David Carter. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news