Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 

Strong Year For Business Funding

The Foundation for Research, Science and Technology has reported another positive year for its Technology New Zealand scheme, with continuing strong levels of business uptake of funding.

Over 1,400 research projects have been supported during the year (July 2000 – June 2001) to a total of around $36.9m.

The majority of the funding was allocated through the Technology for Business Growth (TBG) scheme, which is a fund of $18.5m per annum aimed at fostering research and development and innovation in technologically capable firms.

TBG provides financial support for innovative research and development projects that create new technology based products, processes or services. Its focus is on high value, high margin opportunities.

The new Grants for Private Sector Research and Development scheme (GPSRD), launched mid- September, had a very successful nine months. This period saw 223 projects supported to a value of $13.3 m.

Mr Tony Hadfield, of the Foundation for Research, Science and Technology, says there will be continuing emphasis this year on encouraging the growth and retention of human capital in New Zealand.

“We want to nurture a business confidence that encourages further investment in R&D. This will, in turn, help to provide more opportunities for young scientists to remain in New Zealand and work within businesses on technologically challenging research,” he says.

“We had a slightly higher uptake in the Technology for Industry Fellowships, which fund this type of work, with 185 Fellowships awarded during the year. The funding will rise from $3.5m to over $4.6m for the coming year and this represents a great opportunity for more companies to link with universities by engaging a student or researcher to work on a research and development project within the company.”

More information on Technology New Zealand at www.technz.co.nz

-ends-


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>


OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>