Eleven schools in Rotorua and Taupo have so far participated in the collection, with 183 desktop computers, 116 monitors, 19 laptops and 57 printers saved from landfill through the scheme.
Western Heights High School is one of the schools taking part.
Deputy principal Lyn Henshilwood said Equico Eco was a fantastic programme.
She said it gave participating schools peace of mind that their e-waste was disposed of in a sustainable way.
"Equico Eco is helpful to our school as it is a free programme, and enables us to recycle our old and unused IT equipment, a practical way to help reduce our school's impact on the environment. As a school we continually strive to be more sustainable, and Equico Eco has enabled us to reach an important step in achieving this goal."
Managing director Paul Beattie said electronic waste was one of the fastest growing challenges facing the environment today.
"As a key facilitator of technology equipment to New Zealand schools, Equico is committed to helping our schools dispose of old and unused technology equipment in a safe, inexpensive and sustainable way."
He said Equico Eco would give participating schools the ability to dispose of e-waste safely and sustainably, without having to worry about the cost and resource associated with doing it themselves.
The launch of Equico Eco in Rotorua and Taupo follows successful campaigns in Auckland, Hamilton, Wellington and Christchurch that have seen more than 144 schools participate and over 40 tonnes of electronic waste collected.
This includes an estimated 1350 desktop PCs, 1210 monitors, 200 laptops and more than 280 printers.
Equico Eco is being rolled out to other regions throughout New Zealand in the next few months.
For more information about Equico Eco visit www.equico.co.nz