A review of the government's Callaghan Innovation has found it has "weak" management, and is "struggling internally".

WATCH: Callaghan Innovation talks to entrepreneurs in New Zealand and in the US about differing attitudes to failure.

The Kiwi game development industry is now worth $89 million a year - up 13 per cent from the year before.

A Christchurch company designing cat's eyes to communicate big data is one of ten start-ups selected for Vodafone's acceleration lab.

Hemi Rolleston, Callaghan Innovation's general manager Maori Economy, has been named interim chief executive.

Callaghan Innovation chief executive Mary Quin has resigned after three years in the role.

A top lawyer being double-booked isn't enough for Callaghan Innovation to put off a defamation and breach of contract lawsuit brought against it by Trends Publishing International.

Endance has agreed to return $1.9 million of around $13.6 million in research and development funding.

Trends Publishing, at the centre of legal battle with Callaghan Innovation, had already received hefty taxpayer funding.

Bluelab Corporation will use a new research and development growth grant to speed up taking a new sensory product to market in the next year.

One of the country's largest off-site housing prefabricators, eHome NZ, owes secured creditors $13.9 million.

New Zealand's biggest off-site housing manufacturer received a $287,500 Government grant before Prime Minister John Key opened its Kumeu factory.

Sitting in a military helicopter after a kidnapping and shoot-out in Yemen, Mary Quin stared at the bodies of two fellow tourists, wrapped in blankets and lying at her feet.

Callaghan Innovation chief executive Mary Quin reckons more New Zealand companies should position themselves as global players from Day One.

Callaghan Innovation - a new organisation aimed at boosting economic growth - launches this week but isn't likely to roll out any new programmes for at least six months.