Home > Current funding available > Funding for business (TechNZ) > Technology for Business Growth (TBG)

Funding Overview
Technology for Business Growth (TBG)

Timeline

  1. Submit a concept proposal
  2. Apply for funding
  3. Funding decision is made
  4. Contract is completed
  5. Payment is made
  6. Evaluating success
More detail

This scheme aims to grow capability within firms by partially funding the costs of technically challenging research and development projects. These projects must lead to significant business growth.

In selecting our investments, we look for committed founders and company management who have enthusiasm, integrity, and a deep understanding of the market. These are people who will have a strong clear vision for their companies to be world leaders in their market with products, processes or services that deliver customer value.

Initial funding can be provided to prove that technically developing a product is feasible. Further funding can be provided to complete the research and development. However support for a product once it is ready for market such as marketing and branding is not covered. NZ Trade and Enterprise may be able to help you with these activities.

The Foundation does not take an equity stake in a company it invests in, and these companies are not normally required to pay back any of the funding they receive.

Current funding available

The Foundation? will invest approximately $25.0 million in the financial year to 30 June 2008, using an on-demand process. Investments will be made in a range of companies, from start-ups to mature companies, across four key business sectors:

  • Biological industries: this includes food and beverage and other industries that utilize raw materials grown locally.
  • Biotechnology: this includes human therapeutics, biotechnology and medical devices.
  • Specialized manufacturing: this sector covers the NZ manufacturing base.
  • Information and communication technologies (ICT?): this sector includes software, electronics and related industries.

For the most up to date information on funding available see Investment Opportunities.

Technology for Business Growth? funding typically ranges from $25,000 to over $1.0 million, being 50% or less of the research and development costs. Higher levels of funding are made for exceptional projects.

How do I apply?

The application guidelines can be found on the timeline on the right of this page, under more detail.

For more information

Companies should contact the nearest Foundation office.

All material supplied to the Foundation in technology New Zealand applications for funding is treated with the strictest confidence.