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More Govt support for business incubators
Friday, 07 June 2002 Media Statement
More Govt support for business incubators
Eleven business incubators have received $1.19 million from Industry New Zealand’s Incubator Development Programme to help them provide tailor-made services to fledgling companies.
A total of $1.5 million has now been distributed by the programme this financial year (to June 30).
“Support for business incubators is a key plank in the government’s Growth and Innovation Framework,” said Small Business Minister Pete Hodgson said. “Government support for incubators helps ensure that New Zealand innovators can turn great ideas into new businesses and jobs.”
Incubator Development Programme funding is used by incubator managers to establish best practice in business incubation. That includes incubator operations, such as management salaries, training, IT development, administrative support, marketing, mentoring and business services for incubator tenants. Businesses in incubators are not funded through the programme, but may be eligible for support from other Industry NZ programmes.
Incubators typically provide work space, support services and an intensive mentoring programme for entrepreneurs and new businesses at the start-up and early stages of development.
The recipients of the latest awards were:
Auckland
- Auckland University of Technology (AUT), Auckland - $150,000
Contact: Kate Pender, telephone: 09-571-8186
- Massey University e-Centre, Auckland - $150,000
Contact: Steve Corbett, telephone: 09-443 9791
- Enterprise Waitakere, Waitakere - $70,000
Contact: Clyde Rogers, telephone: 09-837-1855
- The Icehouse, Auckland - $110,000
Contact: Andrew Hamilton, telephone: 025-960-101
- Industrial Research Ltd, Auckland - $75,000
Contact: Peter Connor, telephone: 09-373-8404
Wellington
- Innovation Greenhouse Porirua, Porirua - $80,000
Contact: Dayle Lakeman, telephone: 021-401-587
- Wellington Incubator, Wellington - $80,000
Contact: Clare Nolan, telephone: 04-494-2541
- Innovation Greenhouse, Wellington - $95,000
Contact: Mike Doig, telephone: 04-495-5072
Christchurch
- Spark Ventures Ltd, Christchurch - $80,000
Contact: Pete Summers, telephone: 03-353-7355
- Canterbury Innovation Incubator (Cii), Christchurch - $200,000
Contact: Stephen Hampson, telephone: 03-366-0154
Dunedin
- Dunedin Fashion Incubator, Dunedin - $100,000
Contact: Geoff Terpstra, telephone: 03 471-9974
For more information on the incubator programme: www.incubators.govt.nz
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