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 The Kim Regime

During the Cuban Missile Crisis, the US had a very clear objective and eventually offered a quid pro quo of the removal of some of its own missiles from Turkey. This time, there’s no clarity about what the US is seeking, or offering.

It hasn’t helped that the US and the global media consistently agree on calling North Korea and its leadership “crazy” and “irrational” and urging it to “come to its senses”. When you treat your opponent as being beyond reason, it gets hard to comprehend what their strategy is, let alone work out the terms of a viable compromise. More>>

 

Recovery: Economic Impact Of Kaikōura Quake Revealed

The report details the impact on small businesses and tourism caused by disruptions to transport infrastructure and the economic impacts... The impact on New Zealand’s Gross Domestic Product (GDP) over the first 18 months following the earthquake has been estimated at $450-$500 million. More>>

ALSO:

Human Rights Commission: Urgent Need For Action On Seclusion And Restraint

Chief Human Rights Commissioner David Rutherford says that while the report makes for sobering reading, the focus should now be on how the recommendations can be used to reduce the occurrence of seclusion and restraint in New Zealand and, in circumstances where it is necessary, to improve practices. More>>

ALSO:

CORRECTIONS (March 2017):

SCHOOL SECLUSION ROOMS (2016):

$11bn Capital Spend, New Debt Target: Steven Joyce On Budget Priorities

First, delivering better public services for a growing country – providing all New Zealanders with the opportunity to lead successful independent lives... And finally, we remain committed to reducing the tax burden and in particular the impact of marginal tax rates on lower and middle income earners, when we have the room to do so. More>>

ALSO:

JustSpeak Report: Bail Changes To Blame For New Billion Dollar Prison

In 2013 criminal justice spending was falling and the Government was mulling over what to spend the money on. 3 years later there are 10,000 people in prison and a new billion dollar prison is announced. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news