Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Start-up fund recipients announced

Hon Steven Joyce

Minister of Science and Innovation

28 June 2016

Media Statement

Start-up fund recipients announced

Science and Innovation Minister Steven Joyce today announced the successful recipients of the 2016 PreSeed Accelerator Fund.

“This fund supports the commercialisation of publicly funded research technologies to the point where new companies can be formed or the technology licensed or sold to existing businesses,” Mr Joyce says.

“The successful applicants are Auckland UniServices, Scion, KiwiNet, Otago Innovation, Massey University, and AgResearch. Each of these organisations will be funded to transform scientific discoveries into commercial products and services.”

Budget 2016 increased the Pre-Seed Accelerator fund in size from $14.9 million to $24.9 million over three years.

“This increase will enable research organisations to undertake more and larger commercialisation projects,” Mr Joyce says.

“The PreSeed Accelerator Fund is delivering impressive commercialisation outcomes. PreSeed Accelerator investment has so far resulted in revenues to research organisations in excess of $188 million, new jobs and new companies, and the potential for up to $3 billion in export earnings.”

PreSeed funding has been instrumental in creating companies and commercial products such as Aduro Biopolymers from the University of Waikato, ArcActive spun out from the University of Canterbury, CropLogic from Plant & Food Research, HaloIPT and PowerbyProxi spun out from the University of Auckland, the Ethylene Release Canister technology from Plant & Food Research, Forecaster DSS from Scion, Invert Robotics from the University of Canterbury, and the TOXINZ database developed by the University of Otago.

“Almost all of the public research organisations in New Zealand will have access to funding through this programme. This is a significant investment in the commercial returns from research, and I look forward to this round’s successful applicants leading further advances in commercialisation in New Zealand.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell : On Dealing With Impeccable, Impeachable Lies

By now, the end game the Republican Senate majority has in mind in their setting of the rules for the impeachment trial of Donald J. Trump is pretty clear to everyone: first deny the Democrats the ability to call witnesses and offer evidence, and then derisively dismiss the charges for lack of evidence. For his part, does former security adviser John Bolton really, really want to testify against his former boss? If there was any competing faction within the Republican Party, there might be some point for Bolton in doing so – but there isn’t. More>>

Published on Werewolf


WINZ Quarterly Report: More People Getting Into Work

The December quarter benefit numbers released today show the Government’s plan to get people off the benefit and into work is starting to pay off,” Social Development Minister Carmel Sepuloni said. More>>


Changing lives: Boost In Whānau Ora Funding

Whānau throughout New Zealand are set to benefit from an extra three million dollars that will go directly to Whānau Ora Commissioning Agencies, the Minister for Whānau Ora Peeni Henare announced today. More>>


PGF Kaikōura $10.88M: Boost In Tourism & Business

The Provincial Growth Fund (PGF) is investing $10.88 million to boost business and tourism opportunities in Kaikōura, Parliamentary Undersecretary for Regional Economic Development, Fletcher Tabuteau announced today. More>>


Whitebaiting: Govt Plans To Protect Announced

With several native whitebait species in decline the Minister of Conservation Eugenie Sage has today released proposals to standardise and improve management of whitebait across New Zealand. More>>


Education: Resource For Schools On Climate Change

New resource for schools to increase awareness and understanding of climate change... More>>


In Effect April: New Regulations For Local Medicinal Cannabis

Minister of Health Dr David Clark says new regulations will allow local cultivation and manufacture of medicinal cannabis products that will potentially help ease the pain of thousands of people. More>>


Gordon Campbell: On What An Inquiry Might Look Like

Presumably, if there is to be a ministerial inquiry (at the very least) into the Whakaari/White Island disaster, it will need to be a joint ministerial inquiry. That’s because the relevant areas of responsibility seem to be so deeply interwoven... More>>






InfoPages News Channels