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

 


New criteria for business R&D grants now available

Hon Steven Joyce

Minister of Science & Innovation
23 July 2013 Media Statement
New criteria for business R&D grants now available

New criteria for business R&D Grants that will allow more Kiwi businesses to access more than half a billion dollars’ worth of R&D funding assistance have been released today.

The new Callaghan Innovation grants – R&D Growth Grants, R&D Project Grants, and R&D Students Grants – were announced in Budget 2013. Budget increases of $98 million mean that a total of $566 million is now available over four years ($141.5 million a year) to encourage innovation through Callaghan Innovation’s business research and development grant schemes.

“Business innovation is crucial for New Zealand companies to be internationally competitive,” Science and Innovation Minister Steven Joyce says.

“Our most successful exporters are generally the most innovative and these new grants will mean more Kiwi firms will be eligible allowing them to invest more in R&D so they can compete more effectively in overseas markets.”

The new grants replace the previous Technology Development Grants, TechNZ Project Grants, TechNZ Capability Grants, and Technology Transfer Vouchers.

“When the Government reviewed the schemes in 2012, businesses asked us for a simpler approach that provided greater certainty. The revised grant schemes respond to this,” Mr Joyce says.

The criteria, which give effect to the changes, will be gazetted next week.

“A condition of the grants will be that businesses will be expected to return some or all grant funding if they enter into a contract or arrangement – including change of ownership – that materially reduces their R&D activity in New Zealand,” Mr Joyce says.

“The increased government expenditure in business R&D will help incentivise real progress towards the Government’s goal of business R&D expenditure reaching 1 per cent of GDP.”

The new criteria are available at: http://www.callaghaninnovation.govt.nz/about-us/key-documents

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Flyover Over: NZTA Not Appealing Flyover Decision

The NZ Transport Agency has decided not to appeal the High Court’s Basin Bridge decision, and says the High Court’s findings provide valuable clarity to help guide the development of future infrastructure projects throughout the country. More>>

ALSO:

Developing Crown Land: Government, Auckland Iwi Reach Agreement

The government has reached agreement with Ngati Whatua and other Auckland iwi over developing 500 hectares of excess land in Auckland for private housing which had been under High Court challenge. More>>

ALSO:

Gordon Campbell: On Maurice Williamson

Maurice Williamson seems to have been granted an annual licence to embarrass the National Party, and its that time of year again. Also as per usual, Williamson’s recent exercise in sexism and homophobia has passed by with barely a murmur from his leader. More>>

ALSO:

Green Climate Plan: Shaw Launches 40% Emission Cut Target

Green Party co-leader James Shaw has announced an emissions target initiative for 40% reduction by 2030. He said agriculture has to long been used as a reason for inaction, a roadblock to action... He proposed a tax of 8 cents per kilo of milk. More>>

ALSO:


Images & Video: Four Alternative Flags For Referendum

Flag Consideration Panel chair, Professor John Burrows, said the Panel’s decision had been guided first and foremost by the results of its engagement programme across a range of communities where thousands of Kiwis shared what was special about New Zealand, as well as the Panel’s own selection criteria. More>>

ALSO:

Transport Report: LGNZ Calls For Proactive Approach To Mobilise Regions

LGNZ has today released Mobilising the Regions, its major transport study, which highlights the economic and social impact of strategic transport decisions nationally and in the regions, and the direct link between regional development, national prosperity, social well-being and cohesiveness. More>>

ALSO:

Transport: New Rules Bring Double-Deckers To Our Cities

New rules that allow buses, including double-deckers, to carry more people will ramp up the public transport offering in our cities, Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say. More>>

ALSO:

Cycling:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news