The fund invests in projects that contribute to the development of skilled people and organisations undertaking research that supports the four themes of the Vision Matauranga policy:
-Indigenous innovation - contributing to economic growth through distinctive science and innovation.
-Taiao/environment - achieving environmental sustainability through iwi and hapu relationships with land and sea.
-Hauora/health - improving health and social wellbeing.
-Matauranga - exploring indigenous knowledge and science and innovation, linking iwi with the science community.
"Iwi play an increasingly active role in New Zealand's economy and in the management of natural resources.
"Unlocking the science and innovation potential of Maori knowledge, resources and people will have major economic, social and environmental benefits for New Zealand," Mr Flavell said.