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

 


Bridging the innovation gap


Bridging the innovation gap

Applications have now been received for a new $4.8m research and development fund that aims to bridge the gap between generating new knowledge and creating an 'investor-ready' commercial prototype.

Managed by the Foundation for Research, Science and Technology, the Pre-seed Accelerator Fund will provide successful applicants with up to 33% of the cost of approved projects.

Eighteen public sector research providers have submitted funding applications for a total of 112 projects that aim to turn research results into products that the private sector might be prepared to invest in.

The Foundation's Economic Investment Manager, Brian Ward, says: "Pre-seed development aims to get innovations through the 'valley of death' between discovery and commercial readiness. Projects typically include experimental development, intellectual property protection, market validation and business case development."

The Pre-seed Accelerator Fund will complement the Foundation's existing Technology for Business Growth scheme, which helps businesses, research associations and industry groups develop innovations - but is not available for Crown Research Institutes and Tertiary Education Institutes. The Pre-seed fund will provide similar support for these public-sector organisations.

"We hope this fund will improve the skill and focus that public research institutions apply to commercialisation," says Brian. "We are looking for a substantial change in value capture."

The Foundation's Pre-seed Accelerator Fund reference group (an independent panel of experts) will now begin the process of assessing the proposals.

Final decisions will be notified later this month and contracts will be in place by February 2004.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Sci-Tech
Search Scoop  
 
 
Powered by Vodafone
NZ independent news