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

 

Callaghan Innovation congratulates NZ Awards winners


20 October 2017

Callaghan Innovation congratulates NZ Innovation Awards winners

Callaghan Innovation today congratulated the winners of the New Zealand Innovation Awards, many of which are customers of the government innovation agency.

Rocket Lab, which won the Bayer Supreme New Zealand Innovation prize, has been a Callaghan Innovation customer since 2013. In September 2016, it opened the world’s first private orbital launch site on Mahia Peninsula and on May 25 this year, it successfully conducted its first test launch.

Chief Executive Vic Crone says that Callaghan Innovation provided funding to help the Kiwi aerospace company get off the ground and scale.

“Being able to support businesses that are competing on the world stage, like Rocket Lab, brings an immense sense of motivation and pride to our team. We see such world-beating ingenuity and ambition every day in our work with New Zealand businesses to recognise, develop and commercialise the best homegrown ideas.

“Liberating local innovators to realise that potential and help build a more diversified and productive economy is core to our work.”

Rocket Lab CEO Peter Beck has acknowledged the importance of Callaghan Innovation’s support.

“The funding towards the development phase of our Electron launch vehicle was critical, allowing us to invest significant capital, time and expertise into developing all our systems in house. The innovations that resulted mean we now have a vehicle with an unprecedented low price, which is highly manufacturable.”

The Innovation Awards featured new ventures, products and services from a broad range of industries and business disciplines: from quiet drones, solar-powered cow collars and smart trampolines to te reo Māori smartphones and ethical corporate workwear.

“We are delighted to have worked with many of the winners,” says Ms Crone. “Callaghan Innovation is committed to helping Kiwi businesses rise to the challenges of a fast-changing, technologically complex world.

“The pace of technological change is gathering momentum. The businesses that will succeed are the ones that are prepared to disrupt themselves. They can see the great wave of change approaching and they recognise that to get or stay on top, they must innovate.

“We’re at a pivotal moment in our history. It will take bravery to step into the unknown. Let’s be bold, disrupt the disruptors by being future-focused, and embrace the opportunities this new era will bring to strengthen and diversify New Zealand’s economy.”

For more information: www.innovationawards.org.nz


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>