Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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


Three new accelerators in 2017

Hon Steven Joyce
Minister of Science and Innovation

6 October 2017
Media Statement

Three new accelerators in 2017

Callaghan Innovation will run three new accelerator programmes to help develop early-stage start-up businesses in 2017, Science and Innovation Minister Steven Joyce announced today.

The three programmes will focus on the financial technology, digital technology and energy sectors, and are being funded from the $3 million for new accelerators set aside in the Innovative New Zealand package in Budget 2017.

“The New Zealand tech sector is growing rapidly and making a big contribution to our strengthening economy,” Mr Joyce says. “These accelerators are all about growing the next generation of high-tech Kiwi start-ups.”

The first new accelerator, the Kiwibank FinTech Accelerator, will be run through Creative HQ in Wellington, after it successfully tendered for support from Callaghan Innovation.

The IceHouse Digital Technology Accelerator will offer up to $100,000 of seed investment in addition to the six month programme providing mentoring, global connections and further funding.

The third accelerator will be dedicated to start-ups in the energy sector and will also be delivered by Creative HQ. The programme is in the early stages of planning and Callaghan Innovation is talking with industry partners on challenges faced by the sector that could be addressed through the programme.

“Accelerators are proven around the world to create the conditions to get early-stage businesses to the point where they can grow, attract capital and generate revenue under their own steam,” Mr Joyce says.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

“They provide mentoring, inspiration and structural support for business development, while also stress-testing the founders’ business model to expose gaps that need addressing.”

Callaghan Innovation also recently confirmed two years of additional funding for the extension of the technology incubator pilot with existing providers Astrolab, Powerhouse Ventures and WNT Ventures.

“Later this year Callaghan will be running open tenders for both accelerator and founder incubator funding that begins next July. Running these processes together recognises that some providers offer both types of services.

“High growth start-ups are key contributors to the Government’s goals for growing business R&D and exports and making the most of the digital economy,” Mr Joyce says.


© Scoop Media

Advertisement - scroll to continue reading
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On National Spreading Panic About The Economy

The lure for New Zealand to join the AUKUS military alliance is that membership of only its “second pillar” will still (supposedly) give us access to state of the art military technologies. As top US official Kurt Campbell said during his visit to Wellington a year ago:
...We've been gratified by how many countries want to join with us to work with cutting-edge technologies like in the cyber arena, hypersonics, you can go down a long list and it's great to hear that New Zealand is interested...


Government: Retiring Chief Of Navy Thanked For His Service

Defence Minister Judith Collins has thanked the Chief of Navy, Rear Admiral David Proctor, for his service as he retires from the Royal New Zealand Navy after 37 years. Rear Admiral Proctor will retire on 16 May to take up an employment opportunity in Australia... More

Labour: Grant Robertson To Retire From Parliament
Labour List MP and former Deputy Prime Minister and Minister of Finance Grant Robertson will retire from Parliament next month, and later in the year take up the position of Vice Chancellor of the University of Otago... More

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More

Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More




InfoPages News Channels


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.