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

Gordon Campbell:
On The Inquiry Into One Case Of Dirty Politics

Suddenly, we’re awash in inquiries and reviews. (It feels almost as if the Greens won the last election.) Caught out by the damning inquiry by SIS Inspector-General Cheryl Gwyn, the government’s response yesterday was utterly in character – it released two other major reports at the same time to try and distract public attention...

Inquiries are supposed to re-assure the public. What these inquiry outcomes share in common is a government culture of zero responsibility. More>>

 
 

Parliament Today:

Temporary Release Crackdown Continues: Corrections Review Of Phillip Smith Case

“The review by Corrections’ Chief Custodial Officer reveals that the plan for Smith’s series of temporary releases was overly ambitious and misinformed. He’s a highly manipulative and deceptive person who although technically eligible, should not have been considered for temporary release." More>>

ALSO:

"New Faces, Wise Heads": Andrew Little Announces New Labour Line Up

Labour Leader Andrew Little today announced a bold new caucus line up which brings forward new talent and draws on the party’s depth of experience. More>>

ALSO:

Gordon Campbell: On Rick Ellis As Te Papa’s New CEO

The recent appointment of former TVNZ boss Rick Ellis to head Te Papa has copped a fair bit of criticism. Much of it has been inspired by the suspicion that Ellis has been hired to pursue the same purely commercial goals as he did at TVNZ, while similarly neglecting the serious cultural side of his mandate. More>>

Passport Cancellation, Surveillance: Draft 'Foreign Fighters Legislation' Released

The final draft of the Countering Terrorist Fighters Legislation Bill contains proposals previously announced by Mr Key in a major national security speech earlier this month. More>>

ALSO:

Related

Joint Statement: Establishment Of NZ-China Strategic Partnership

At the invitation of Governor-General Lt Gen The Rt Hon Sir Jerry Mateparae and Prime Minister The Rt Hon John Key of New Zealand, President Xi Jinping of the People’s Republic of China made a state visit to New Zealand from 19 to 21 November 2014... More>>

ALSO:

Savings Targets: Health Procurement Plan Changes Direction

Next steps in implementing DHB shared services programme Health Minister Jonathan Coleman says the Government has agreed to explore a proposal put forward by DHBs to move implementation of the shared services programme to a DHB-owned vehicle. More>>

ALSO:

More on Health Policy:

Auckland Unification: 'No IT Cost Blowout' (Just More Expensive)

Following discussion of an update on Auckland Council’s Information Services Transformational Programme at today’s Finance and Performance Committee, council has released the report publicly. More>>

ALSO:

Other Expensive Things:

Gordon Campbell: On The SAS Role Against Islamic State, And Podemos

Only 25% of the US bombing runs are even managing to locate IS targets worth bombing. As the NYT explains at length, this underlines the need for better on-the-ground intelligence to direct the air campaign to where the bad guys have holed up... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news