Sources of Business Funding and Support

 
We provide grant application and documentation services for:.
 

Commercialisation Centres

The May 2010 Budget is expected to announce an investment of $11 million over 4 years to establish a national network of commercialisation centres. This network will bring together existing expertise from the commercialisation units already attached to public research organisations. Funding to assist actual commercialisation projects is also being considered.

 
Energy Audits

Energy audits evaluate how efficiently energy is being used, and identify energy and cost-saving opportunities. Your business may be eligible for a grant for part of the cost of the energy audit if it spends more than $250,000 per year on energy. The grant is for energy efficiency and renewable energy projects only. The maximum amount of the grant is 33% of the cost of the audit, and the cap is 3% of your energy cost, to a maximum of $20,000 per site.  www.eecabusiness.govt.nz/eib
 

Energy Efficiency

Technology Implementation Grants are for firms that spend more than $250,000 per year on energy and have completed an energy management assessment. The maximum amount of the grant is 33%  of the cost of implementing the project to a maximum of $50,000 per site. Priority will be given to businesses in the Tourism, Food Production and Heavy Industry sectors.  Priority will be given to projects that have been identified in an energy audit, can be replicated across other businesses, involve new or under utilized technology and other criteria as published by EECA.  Grants will be awarded through monthly allocation rounds, closing on the 20th day of each month, and will be allocated through a ranking process.   www.eecabusiness.govt.nz/eib

Expansion Capital

Venture Investment Fund,  www.nzvif.com   Merchant Banks, Venture Capitalists, Angel Investors, www.vcapital.co.nz  Biz Angels, www.bizangels.co.nz  Public Listing  www.nzx.com

Export Market Development

New Zealand Trade and Enterprise have advised that "If your business currently has a contract for Market Development funding with NZTE you will continue to receive Market Development support for the period specified in your current contract".

Applied Support Services can assist existing recipients with the documentation, plans and budgets you need for finalising your application for an export market development grant.  If you require advice on the latest criteria or help to apply for an export grant contact us.
 

Export Market Development, Beachheads 

New Zealand Trade and Enterprise (NZTE)'s Beachheads Programme gives high growth-potential companies faster access to better international networks.  The programme is designed around a partnership between NZTE and successful executives who are willing
to share their experience, skills and business networks. www.nzte.govt.nz  


Intellectual Property

The Intellectual Property Office provides information on patents, trade marks and designs. Here you can search the registers, pay renewal fees, file trade mark applications, and find forms and guides on intellectual property in New Zealand. www.iponz.govt.nz 
 

International Growth Fund

The International Growth Fund is part of a suite of tailored programmes and services that New Zealand Trade and Enterprise (NZTE) develops for the businesses it works most closely with. NZTE will develop a plan for an appropriate package of services to help these businesses grow. The plan will also outline the expected economic benefits for New Zealand that will result from NZTE support for the business and may identify activities that could be eligible for funding from the International Growth Fund.  The fund may be able to support activities that help the businesses NZTE are working closely with to improve their:

•     knowledge and development of new markets
•     business and management capability
•     ability to innovate and manage the commercialisation of research and development
•     ability to access finance to fund international opportunities.

Investments from the fund will be made only if the funded activity is additional to business-as-usual activities and has the potential to deliver benefits New Zealand’s wider economy as well as the business.

NZTE will carry out a pre-assessment to determine eligibility before inviting a business to participate. If invited to participate, NZTE will work with the business to gather sufficient information at the right level of detail to allow the preparation of an internal business case for NZTE funding.  www.nzte.govt.nz

 
Primary Growth Partnership

The Primary Growth Partnership (PGP) aims to boost productivity across the primary sector.  The budget provides for $30m over the 2010/2011 year.  Investment programmes will be funded 50:50 by industry and government.   Industries included are:

•     Pastoral (including wool) and arable production;
•     Horticulture;
•     Seafood (including aquaculture);
•     Forestry and wood products; and
•     Food Processing (e.g. nutriceuticals)

An independent Investment Advisory Panel (IAP) has been established to call for expressions of interest in the funding.

The minimum amount that the Primary Growth Partnership will co-invest, and which must be matched by industry co-investors, is $500,000 excluding GST over the lifetime of the co-investment programme.  Investments will focus on initiatives that deliver significant economic growth and sustainability across the primary sectors from producer to consumer. Investments can cover the whole of the value chain, including education, research and development, product development, commercialisation, market development and technology transfer.  Round two closes on 19th November 2009. www.maf.govt.nz 

Research and Development

Technology New Zealand (TNZ), Technology for Business Growth, (TBG), provides co-funding to help firms do high risk, advanced R&D projects that they could not manage to undertake with their own resources. TBG grants are currently closed to new applicants.  TBG applicants should be high growth and export focused. The following industry sectors are supported, (1) Information and Communication Technology, (2) Specialised Manufacturing, (3) Biotechnology, and (4) Food and Beverage. Grants are typically 50:50 and in excess of $30,000.   

Technology New Zealand Capability Funding

A network of Technology New Zealand "Regional Technology Partners" has been established to work with businesses undertaking early stage, or small R&D projects. Regional Technology Partners provide access to R&D funding up to a maximum of $30,000. Applicants will need to work with the closest Technology Partner in their region. Capability funding provides support for the following; (1) small to medium sized R&D projects, (2) technology expert input and advice, (3) projects involving university graduates and undergraduates, (4) development and review of R&D plans, (5) advice on regulatory approval for new products, (6) commercialisation of technology and identifying customer requirements, (7) solving a technical problem and evaluating technology options, (8) R&D capability building seminars. Source: TechNZ, September 2008.

Technology New Zealand is part of the Foundation for Research, Science and Technology.  For more information contact  www.frst.govt.nz

Technology Development Grants

Technology Development Grants will be targeted at medium to large, research-intensive firms, which can show that their activities result in wider benefits to New Zealand. These will include, but are not limited to, firms that undertake high-value manufacturing. To qualify, firms must have R&D intensity (the ratio of R&D expenditure to revenue) of five percent or more, over a period of three years, and must have revenues of at least $3 million a year. They must also have programmes of R&D that are likely to generate significant benefits for the wider economy via high-value products and services. Eligible firms will also need to demonstrate strong R&D management capabilities.  The grant will be equal to 20 percent of eligible expenditure of an R&D programme, up to $2.4 million a year.  To learn more about this funding please contact us.

Technology Transfer Vouchers

Technology Transfer Vouchers will be targeted at firms with modest in-house R&D capability. The Technology Transfer Vouchers will be typically worth $100,000 - $200,000 and enable firms to work with public research organisations including Universities and Crown Research Institutes. The launch of the vouchers is planned for November 2010.  To learn more about this funding please contact us.

  
Research and Development Tax Credits

IRD 15% tax credit on planned R&D activities that are systematic, investigative and experimental, (SIE). 15% tax credit on Supporting R&D activities that are integral to, or required for, eligible SIE activties.  Claimants must keep project records and provide evidence that R&D activities are planned and meet the IRD’s eligibility tests. www.ird.govt.nz

Restructuring, Joint Ventures

Advice on legal, tax or other issues relating to a new business structure underpinning a new business initiative. www.nzte.govt.nz

Start-up Capital

NZT&E Investment Ready (Escalator) Scheme. The Escalator service provides specialist skills and assistance to raise equity funding or complete a strategic relationship that may help your business expand, diversify or commercialise a product or service. www.nzte.govt.nz    Industrial Research, dedicated seed and start-up investment funds. www.irl.cri.nz

Special Purpose Funds

Special purpose funds and special sector funds are available to businesses. To learn more about these funding sources please contact us.

Student Projects, Experts

The Technology New Zealand, TIF for undergraduate and postgraduate students has been terminated as of September 2008. Student research projects and expert advice can be funded through the Technology New Zealand Capability funding programme. Up to $30,000 per annum is available. For further information contact www.frst.govt.nz 

 

All grant values are quoted inclusive of GST.

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This page was last updated on 21 July 2010

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