Parliament

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 Ch-Ch-Changes At IRD

job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation, which seems to work rather like a secular version of the Rapture.

Except that at IRD, not even your shoes will be left behind. More>>

 

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

Gordon Campbell: On The Greens’ Room For Political Pragmatism

The Greens here are currently being criticized by the commentariat for not making the same kind of pragmatic choices that sunk the Democrats in Australia. More>>

Gordon Campbell: On Being Humane About Welfare, Child Support, And Tax

It made for an unusual Venn diagram, but Greens co-leader Metiria Turei and Finance Minister Steven Joyce were briefly sharing some common elements this week in the set that says – hey, don’t use the powers of the state in ways guaranteed to make the system you’re trying to defend worse, not better. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election