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

 


$140m in R & D grants for business growth

Hon Steven Joyce
Minister of Science & Innovation

15 January 2014 Media Statement
$140m in R & D grants for business growth

New Research & Development Growth Grants worth more than $140 million over three years have been awarded to 31 high tech New Zealand businesses by Callaghan Innovation, Science and Innovation Minister Steven Joyce announced today.

R&D Growth Grants were introduced last year as part of changes to R&D funding designed to encourage more research and development to be undertaken by businesses in New Zealand. They provide up to $5 million co-funding a year to mid-sized and large New Zealand-based companies that are experienced in doing R&D.

Mr Joyce congratulated the first businesses to receive Growth Grants, each of which he says are strong proven R&D performers.

“These companies have the potential to grow further and faster through the innovation this support will foster,” Mr Joyce says.

The Growth Grants, an expansion of the previous Technology Development Grants, are aimed at encouraging R&D investment in businesses that show a commitment to R&D.

They provide 20 per cent public co-funding for qualifying firms’ eligible R&D expenditure, with an expanded cap of $5 million per annum - up from the previous scheme’s $2.4 million. After two years of funding, businesses can be granted a further two-year extension of funding.

To qualify for a Growth Grant, a business needs to commit to spend at least $300,000, and at least 1.5 per cent of revenue, on R&D occurring in New Zealand. R & D Project Grants are available for smaller companies and those that are new to research and development, while incubator support programmes assist start-up businesses.

All of the Government’s innovation support programmes are administered by Callaghan Innovation, New Zealand’s new High-tech HQ for kiwi businesses.

The new Callaghan Innovation grants - R&D Growth Grants, R&D Project Grants, and R&D Students Grants – were announced in Budget 2013. 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.

For more information on the support available for businesses investing in innovation, visit: www.callaghaninnovation.govt.nz/what-we-do/funding-and-grants.

Companies awarded R&D Growth Grants

Company
4RF Ltd
ARANZ Geo Ltd
Biodiscovery New Zealand Ltd
Douglas Pharmaceuticals Ltd
Dynamic Controls Ltd
Enatel Ltd
Endace Technology Ltd
Fisher & Paykel Appliances Ltd
Fisher and Paykel Healthcare Ltd
Forest Genetics CellFor Ltd
Formway Furniture Ltd
Gallagher Group Ltd
HSAGlobal Ltd (formerly Healthphone Solutions Ltd)
ikeGPS Ltd
Jade Software Corporation Ltd
Kakapo research and development Ltd
Magic Pulse Ltd (trading as Kitomba)
Orchestral Developments Ltd
Quantec Ltd
Rakon Ltd
Rocket Lab Ltd
Scott Technology Ltd
Simcro Ltd (formerly SimcroTech Ltd)
Skope Industries Ltd
Tait Ltd
Tandarra Engineering Ltd
Trans-Tasman Resources Ltd
Unlimited Realities Ltd
Vista Entertainment Solutions Ltd
Wynyard (NZ) Ltd
Zelam Ltd

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Two Dead, One Injured: Suspect Arrested After Ashburton Shooting

Police apprehended Russell John Tully just after 5pm this evening following the armed incident in Ashburton this morning.

Canterbury dog section and AOS apprehended Tully not far from Lake Hood. No shots were fired although Tully will be treated for minor dog-bite injuries.

Tully is now in custody at Ashburton Police Station. More>>

 

Parliament Today:

John Key Press Conference: Ashburton Shootings, Judith Collins Inquiry

Prime Minister John Key has delayed the release of Nationals’ fiscal policy in light of this morning’s shooting at a Work and Income office in Ashburton... Key also answered questions about Judith Collins, and confirmed that independent inquiry will be held with regard to allegations made against Collins. More>>

ALSO:

Internet MANA: Georgina Beyer Rocks The Waka

“There is now, and always will be, a range of views about many issues within our movement and members are free to express them, but Georgina’s views on Kim Dotcom are not shared by the MANA Movement leadership or the vast majority of MANA members and supporters around the country” states MANA Candidate for Waiariki, Annette Sykes. More>>

ALSO:

IGIS Update: Inquiry Into Release Of NZSIS Information

The Inquiry would be conducted in private and individuals would appear before her separately over a period of more than a week. She does not intend to name those summoned to give evidence until her report is published. “I can confirm that all persons summoned will be required to appear under oath...” More>>

ALSO:

Gordon Campbell:
On John Key’s ‘Blame It On Judith’ Strategy

Right now, Prime Minister John Key seems intent on limiting the scope of any inquiry into his government’s dealings with Cameron Slater. The declared aim is to make that inquiry solely about Judith Collins’ behavior with respect to the Serious Fraud Office. More>>

ALSO:

Gordon Campbell: On The Debate, And The Collins Accusation

Debating is a peculiar discipline in that what you say is less important than how you’re saying it. Looking poised, being articulate and staying on topic generally wins the day – and on that score, Labour leader David Cunliffe won what turned out to be a bruising encounter with Prime Minister John Key last night on TVNZ. More>>

ALSO:

Gordon Campbell: On Winston Peters' Latest Bout Of Immigrant Bashing

It is only one poll, but rather than cannibalising each other's vote, Colin Craig and Winston Peters do seem to be managing to find the room to co-exist... Few are questioning how Peters got to this happy place, and what it says about the mood of the electorate. More>>

ALSO:

More Immigration News: First People Trafficking Charges

The first people trafficking charges in New Zealand have been brought by Immigration New Zealand (INZ)... The defendants have been charged under the Crimes Act 1961 for arranging by deception the entry of 18 Indian nationals into New Zealand. More>>

Collins 'Misinterprets Media Reports': "Too Compromised To Remain Justice Minister"

Bizarre claims by Judith Collins this morning that she had been cleared of inappropriate behaviour by the Privacy Commissioner demonstrates she is too compromised to remain Justice Minister, Labour MP Grant Robertson says. More>>

ALSO:

Labour On Climate Change: Focus On The Now For The Future

A Labour Government will put in place a comprehensive climate change strategy focusing on both mitigation and adaptation, establish an independent Climate Commission and implement carbon budgeting, says Labour Climate Change spokesperson Moana Mackey. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news