For research organisations
New Economy Research Fund (NERF)
This research area (output expense) is for developing new technology platforms to support the creation of new industries or sectors.
It supports investigator-initiated, basic-targeted research that has the potential to create the advanced technological platforms that will underpin new and emerging industries.
It is also intended to build a critical mass of research capability and new knowledge in emerging science and technology areas.
Over the long term, research in this area should lead to commercial products, even though it may be difficult to quantify these at the outset.
Our portfolios
To help us manage our research investments in this area we have created three portfolios:
- Future Human Technologies (FHT) for generating new knowledge about the human condition that will lead to new products or services
- Creating Opportunities Through New Physical Technologies (NPT) for research into novel physical technologies that have the potential to create new industries
- Technologies to Leverage New Zealand's Strengths (NZS) for research that creates technology platforms to leverage off New Zealand's unique environment, geology and other factors.
Where does the money come from?
The various Crown agencies and Ministries that make up the New Zealand Government are funded through a series of financial packages, called ‘Votes’. The Foundation?'s funding is provided through Vote RS&T (research, science and technology), which is made up of a number of output expenses?.
An output expense will deliver a common set of goals or services. The funding for each output expense is specified in the Government Budget each year.
We receive money to invest in this area through the New Economy Research Fund (NERF?) output expense.
There is more information in the Research, Science & Technology (RS&T) sector overview.