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

Last Sitting Day Of Parliament: Slave Ships Bill To Pass

The House resumed at 9am and MPs agreed to add the third reading of the Fisheries (Foreign Charter Vessels and Other Matters) Amendment Bill to this morning’s business.

The bill requires all foreign owned fishing vessels to fly under a New Zealand flag from May 2016 and obey all New Zealand laws. This includes labour laws...

Last night Opposition MPs accused the Maori Party of blocking the passage of this bill into law in this Parliament, no members of the Maori Party were in the House to answer the accusations though they denied this in a press release. More>>

 

Parliament Today:

Novopayout: Government-Owned Company To Take Over School Payroll

After lengthy negotiations, the Ministry of Education and the existing school payroll provider, Talent2, have settled both on the amounts payable by Talent2 towards the costs of remediating the Novopay service and a new operating model for the school payroll system. More>>

ALSO:

Employment: Labour Will Raise Minimum Wage, Restore Work Rights

A Labour government will raise the minimum wage $2 an hour to $16.25 and restore work rights to ensure the benefits of economic growth are shared fairly by all New Zealanders, Labour Leader David Cunliffe says. More>>

ALSO:

Police: Crewe File Review Released

No new evidence has come to light implicating any specific person as being responsible for the murders of Jeannette and Harvey Crewe... The review identifies there is a distinct possibility that Exhibit 350 (the brass .22 cartridge case) may be fabricated evidence, and that if this is the case, that a member of Police would have been responsible. More>>

ALSO:

Werewolf Issue #49: Gordon Campbell Interviews Laila Harre

For 25 years, Labour and National have been in virtual agreement about the basics of economic policy, and differed mainly on how to go about managing its social consequences. More>>

ALSO:

Greens: Plan To Protect Our Maui’s Dolphins

1. Protect Maui’s from being killed in the sanctuary set up to protect them... 2. Extend fishing protections to the entire Maui’s range... 3. Help protect the livelihoods of affected fishers by supporting them to adopt dolphin-safe fishing methods. More>>

ALSO:

Gordon Campbell: On National’s Electorate Deals

For all the talk yesterday from Prime Minister John Key about National being transparent about its electorate deals in Epsom and Ohariu, that transparency is entirely front-loaded. More>>

ALSO:

Greens: Oil Drilling Face-Off With Labour

The key policy points in the Green Party’s plan to protect our beaches from oil spills are to:
1. Prohibit deep sea oil drilling; 2. Implement compulsory shipping lanes for coastal shipping; 3. Build Maritime New Zealand’s oil spill response capability; and 4. Introduce a stronger legal framework so that when accidents do happen, the New Zealand taxpayer does not have to pay for the clean-up. More>>

ALSO:


Nick Smith v Fish & Game:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news