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

 

More Money For Record Numbers Of Young Scientists

31 October 2001

A record number of young scientists and researchers received funding to work on research and development within businesses in 2000-2001 and an even bigger budget is available for this year.

Technology New Zealand reported a higher uptake in the Technology for Industry (TIF) Fellowships with 185 Fellowships awarded during the year (July 2000 - June 2001), an increase of 114 on the previous year.

Funding for the TIF scheme, run by the Foundation for Research, Science and Technology, rises from $3.5m to over $4.6m in this year.

TIF Fellowships are designed to support science and technology based projects that develop individuals skills and knowledge in commercial research and development fields. They provide funding which enables University students to carry out business-focussed research allied to their degree, as well as offering opportunities for experienced researchers to contribute to a company's research initiatives.

The result is a boost in technological skills for the company and a solid introduction to commercial realities for the student.

Lins Kerr, of Technology New Zealand, says the availability of more funding is good news for New Zealand business.

"It 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.

"Feedback from companies tells us they find the links into external knowledge bases, such as Universities, highly beneficial to their business growth and in most cases they continue an informal relationship long after the particular research project is completed," he says.

A further $1.2 million (for 2001/02) is available through the Bright Future Enterprise Scholarships, administered by the Foundation on behalf of the Ministry of Education, aiming to further develop New Zealand's knowledge and economic base.

Enterprise Scholarships encourage linkages between Universities (and other NZQA approved tertiary education institutions) and New Zealand businesses by co-funding degree courses that have a research component (mostly at post-graduate level).

Introduced in 1999, these scholarships help businesses by providing 50/50 funding so they can access research expertise either from a University or through up-skilling their own staff.

Since the Enterprise Scholarships began 75 have been awarded under the original scheme requirements, to a total value of $1.5 million (half funded by Government and half by businesses). In June the scheme was simplified as a result of feedback from businesses and students. As a result there has been a significant increase in applications with an additional 48 applications being funded from the August round alone, worth just under $0.5 million in the 2001/02 year, with most Scholarships being for two-three years duration.

-ends-


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>



Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>


Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>


Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>



Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>

ALSO: