Funding for business
TechNZ
About TechNZ and Business R&D
Business research and development (R&D) is a key driver of innovation, business success and economic growth. Good ideas can lead to new products and services, smarter ways of doing things and a point of difference that sets a business apart and on the path of adding value.
R&D gives business the edge they need to survive and thrive in a fast-changing and increasingly competitive market place. New Zealand’s most successful companies are those that invest regularly in R&D.
TechNZ – the Foundation’s business investment programme – helps businesses access funding, support and advice. We invest in companies with the aspiration and drive to grow and become internationally competitive.
If your business is developing products or enhancing existing ones, we want to hear from you.
TechNZ has a range of services to help businesses grow through R&D. Whether you are a small start up or a large established exporter, we can tailor a package to help you develop your products and get to market faster.
Technology Development Grant
- Reimburses 20 per cent of eligible expenditure on a business’s R&D programme, up to $2.4 million a year (excluding GST).
- For firms with an average annual R&D intensity (eligible R&D expenditure divided by revenue) of at least five per cent over the past three years, and with average annual revenues of at least $3 million a year.
- Businesses awarded the grant must be able to demonstrate a strong track record of R&D that is likely to generate significant benefits for New Zealand's economy.
- Grants will be awarded for three years.
Technology Transfer Voucher – key features
We are working to bring the Technology Transfer Vouchers – a new investment product announced in the May 2010 Budget - to the market by 1 November 2010. For more information about the voucher, please read our Technology Transfer Voucher fact sheet (PDF; 99kb).
We will update this section as soon as more information becomes available.