Govt grants worth $140m awarded to 31 tech firms

The Rakon factory in Mt Wellington, Auckland. 12 July 2011 New Zealand Herald Photograph by Natalie Slade
The Rakon factory in Mt Wellington, Auckland. 12 July 2011 New Zealand Herald Photograph by Natalie Slade

More than $140 million has been earmarked to go to 31 New Zealand tech companies in research and development grants.

Science and Innovation Minister Steven Joyce yesterday named companies awarded R&D growth grants from Callaghan Innovation, the Government's high-tech development body set up in 2012.

Recipients include NZX-listed companies Rakon, Scott Technology and a company owned by Wynyard Group.

The grants provide a 20 per cent contribution to a firm's annual R&D spend, capped at $5 million a year.

To qualify for the grants, businesses need to commit to spend at least $300,000 and 1.5 per cent of revenue on New Zealand research & development.

The grants last for three years and after two years of receiving funding, a firm can apply for a two-year extension to the assistance.


Grant winners

• 4RF
• ARANZ Geo
• Biodiscovery New Zealand
• Douglas Pharmaceuticals
• Dynamic Controls
• Enatel
• Endace Technology
• Fisher & Paykel Appliances
• Fisher and Paykel Healthcare
• Forest Genetics CellFor
• Formway Furniture
• Gallagher Group
• HSAGlobal (formerly Healthphone Solutions)
• ikeGPS
• Jade Software Corporation
• Kakapo research and development
• Magic Pulse (trading as Kitomba)
• Orchestral Developments
• Quantec
• Rakon
• Rocket Lab
• Scott Technology
• Simcro (formerly SimcroTech)
• Skope Industries
• Tait
• Tandarra Engineering
• Trans-Tasman Resources
• Unlimited Realities
• Vista Entertainment Solutions
• Wynyard (NZ)
• Zelam

- NZ Herald

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