Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 

Govt. Grants Grow Innovative Businesses

26 June 2002

Technology New Zealand has approved over 500 applications from New Zealand businesses for more than $30million in grants for research and development, since its Grants for Private Sector Research and Development scheme (GPSRD) began in September 2000.

This year (July 2001 to June 2002) $17 m has already been approved through the GPSRD scheme, with the largest total funding going to businesses in the Auckland region ($8.m, or 49%), followed by Canterbury ($2.0m, or 11%).

John Gibson, GPSRD Investment Manager, says some regions, such as Manawatu and Waikato, which have had grants totalling over $1.7m each, are particularly strong innovators. He suggests this may be a combination of smart companies recognising opportunities, as well as seeing their neighbours succeed through application of R&D.

Mr Gibson says the Foundation for Research, Science and Technology, which administers the GPSRD scheme, is looking at ways to improve its ability to support the fast-growing ICT sector. This sector received over $5m in funding from GPSRD over the past 21 months for research and development projects.

"GPSRD funds the technologically 'hard stuff', but not the marketing or commercial activities that are often a priority for the ICT area," he says.

Other technology sectors, which star in the $30m funding approvals, have been the high added-value manufacturing and automation area ($4.0m), agriculture, forestry and fishing technology ($2.9m), food, medicine and health ($1.7m) and biotech at $2.1m.

-ends-


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>

ALSO:

Price Of Cheese: Fonterra CEO Goes Early After Milk Price Trimmed

Aug. 15 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. More>>

ALSO:

9.2 Percent: Gender Pay Gap Second-Smallest On Record

This is the second-smallest gap since the series began 20 years ago. In comparison, the gender pay gap was 9.1 percent in 2012 (the lowest on record) and 9.4 percent last year. More>>

ALSO:

Forest & Bird: Report Find Council Failures On Effluent

The report exposes significant inconsistencies and gaps in how regional councils are enforcing the rules around dairy effluent management. More>>

ALSO:

Mana In Mahi: Helping Young New Zealanders Into Work

Thousands of young people will be given the chance to gain valuable qualifications and meaningful work under the Mana in Mahi – Strength in Work scheme launched by Prime Minister Jacinda Ardern today. More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and into 2020, longer than we projected in our May Statement. The direction of our next OCR move could be up or down. ... More>>