TechNZ
Technology Development Grant
The 2010 investment process for the Technology Development Grant has closed. A list of successful applicants can be read here.
You can read the Minister’s announcement relating to the successful applicants here.
We expect to start the 2011 investment process for the Technology Development Grant around March 2011. Businesses that have unsuccessfully applied for the 2010 investment round, but want to apply for next year’s round are encouraged to keep their registration details, as the 2011 process will likely be similar.
More about the 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.
For more information on the Technology Development Grant you can read our Questions and Answers.
To learn more about other funding products available to business, visit our Funds and Services page.