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

 


$1m for early stage ICT start-ups


Hon Steven Joyce
Minister of Science & Innovation
15 July 2014
Media Statement
$1m for early stage ICT start-ups

Science and Innovation Minister Steven Joyce today announced the Government is investing just over $1 million to help entrepreneur-driven ICT start-up companies become investment ready.

The investment is part of the Ministry of Business, Innovation and Employment’s (MBIE) Accelerator Programme pilot, which supports the rapid formation of early stage ICT and digital technology start-ups.

The programmes are typically run over three months, and prepare start-up companies to be investment ready.

“The role of the Government’s Business Growth Agenda now is to help turn one or two years of good growth into a sustained lift in our economic performance. Encouraging the development of more new ICT and hi-tech companies is a crucial part of the innovation stream of the BGA," Mr Joyce says.

“The Accelerator Programme helps foster faster economic growth by assisting entrepreneurs to develop innovative companies that will drive New Zealand’s economy into the future.”

The recipients who have been selected to receive funding from the Accelerator Programme are all under the Lightning Lab brand. They are:

• Creative HQ (Wellington),
• Canterbury Development Corporation (Christchurch), and
• The Icehouse (Auckland).

“The Accelerator Programme will result in New Zealand developing more high growth, globally ready ICT businesses; a larger group of innovative entrepreneurs who can drive these projects; and more private sector investment into start-up businesses,” Mr Joyce says.

The Accelerator Programme is just one component of the Government’s support for businesses with high-growth potential that are still in start-up phase. It complements the Incubator Support Programme administered by Callaghan Innovation.

“While both programmes serve to prepare start-up businesses for investment, Accelerators focus on fast-to-market digital technology start-ups that are entrepreneur-driven,” Mr Joyce says.

This is the second-stage of the Accelerator Programme pilot. After a successful first-stage pilot programme in 2012, a Request for Proposals process was run from 11 December 2013 to 5 February 2014.

For more information visit: http://www.msi.govt.nz/get-funded/building-a-community-of-high-tech-entrepreneurs/accelerator-programme/


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gaza.Scoop: UNRWA School, Ambulances Attacked - Gaza MOH

The Ministry of Health Gaza expresses its horror and outrage at the latest Israeli massacre moments ago at an UNRWA school sheltering displaced persons in Beit Hanoun. Ten people have been killed and there is a large number of wounded. More>>

ALSO:

Gordon Campbell:
On Gaza And Burning The Israeli Flag

One of the selling points in New Zealand’s campaign for a temporary seat on the Security Council is that we have a pluckily independent voice to offer on international conflicts.

This image is not entirely self-delusional. When we did occupy a temporary UN Security Council seat in the 1990s, New Zealand was forthright about the need for the international community to actively respond to the Rwanda genocide. On April 14, 1994, New Zealand, Nigeria and the Czech Republic were the only nations to call for a forceful UN intervention to halt the killings. It was a proud moment in the diplomatic record of the Bolger government.

What then, is the current National government doing with respect to the slaughter in Gaza? More>>

 

Parliament Today:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Valedictory Season: Maori Party Founders Say Goodbye

Two major Maori MPs gave there farewell speeches to Parliament Thursday outlining their history, experiences, triumphs and regrets. More>>

ALSO:

Resignation Not Accepted: Transport Minister Breaches Aviation Security Rules

"Running late for a plane at Christchurch Airport, I without thought breached airport and airline security rules by entering the gate lounge through a door usually used for exit only..." More>>

ALSO:

TAIC Report: Urgent Recommendations After Melling Rail Accident

The Transport Accident Investigation Commission has made four urgent recommendations to KiwiRail following the accident two months ago (27 May) when a Matangi passenger train collided with a stop block at Melling Station, Lower Hutt. More>>

ALSO:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

EPA: Board Of Inquiry Rejects Basin Flyover By Majority Of 3 To 1

The independent Board of Inquiry delegated to decide on the Basin Bridge Proposal has, by a majority decision (3 to 1), cancelled the Transport Agency’s Notice of Requirement and declined its resource consent applications for the construction, operation and maintenance of a flyover on State Highway 1 in Wellington City... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news