Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Methven Awarded Technology Development Grant

NZX Statement 6 March, 2013

Methven Awarded Technology Development Grant

Leading New Zealand shower and tapware designer Methven Limited, is one of eight businesses to be awarded a Technology Development Grant by the recently established Crown entity, Callaghan Innovation.

The grants, totalling more than $25 million over three years, support high-tech New Zealand businesses with a proven track record of investment in research and development (R & D).

Methven has a strong history of innovation and investment in R & D, having already successfully commercialised international award-winning bathroom technologies including its patented Satinjet® showers and Tahi Twin Lever tapware.

The Technology Development Grant provides Methven with funding to reimburse 20 per cent of eligible R & D expenditure over a three year period, totalling more than $2 million.

According to Methven CEO, Mr Rick Fala, investment in R & D to create innovative and proprietary products has been the foundation of the Methven business and the reason the company can compete against its much larger and better funded competitors.

“Methven has to have a unique point of difference in order to stand out from our competitors and grow internationally. This grant will enhance our ability to drive new projects and speed up the commercialisation of ideas already in our product pipeline,” Mr Fala said.

“We are pleased that this Government initiative recognises innovative companies such as ourselves and the important role we can play in helping create a higher value economy.”

For more company information, visit

-ends -

© Scoop Media

Business Headlines | Sci-Tech Headlines


Federated Farmers: NAIT Levy Increases Must Achieve Accurate, User-friendly System
Nobody welcomes extra costs but if OSPRI is to catch-up on under investment in the NAIT platform and deliver on its workability and farmer support, levy increases are probably necessary, Federated Farmers says... More>>

Westpac: More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued

The Westpac McDermott Miller Employment Confidence Index rose 1.2 points in the December quarter, to a level of 106.9. This was the sixth straight rise in the index since the Covid-19 lockdown in 2020. Michael Gordon, Acting Chief Economist for Westpac, noted that the rise in the index has largely been driven by perceptions... More>>

Statistics: Card Spending Continues To Increase As COVID-19 Restrictions Ease

The busy Christmas period combined with easing COVID-19 restrictions helped to increase card spending in December 2021, Stats NZ said today... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>

Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>

Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>