24 JUNE 2010

NEW ZEALAND GAZETTE, No. 70

Interest payable monthly and quarterly

Dated at Wellington this 22nd day of June 2010.

DAVID GORDON, Head of Financial Products, Public Trust.

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Research, Science & Technology

Foundation for Research, Science, and Technology Act 1990

Supplementary Notice of Tools for Ministerial Schemes Under Section 8A of the Foundation for Research, Science, and Technology Act 1990—

Purpose of the Direction

This supplementary notice sets out the parameters of the investment tools available to the Foundation for Research, Science and Technology (“the Foundation”) when allocating funds in the 2010/11 financial year. It supplements the notices given under section 8A of the Foundation for Research, Science, and Technology Act 1990.

• Biological Industries Research
• High Value Manufacturing and Services Research
• Energy and Minerals Research
• Environmental Research
• Science Collections and Infrastructure
• Vision Mātauranga Capability Fund
• International Relationships
• Hazards and Infrastructure Research
• Health and Society Research

The notices set out above, and this supplementary notice, will be revised during 2011 to take into account the changes arising from the implementation of the recommendations of the Crown Research Institutes Taskforce, new initiatives introduced in Budget 2010, and the establishment of the Ministry of Science and Innovation.

This notice comes into effect on 1 July 2010.

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Investment Tools

The tools referred to in the notices listed above are the following tools:

• Business-led Research and Development (R&D)
• Long-term non-contestable funding
• Science-led contestable funding
• Commercialisation and technology transfer support
• Partnerships
• Fellowships

Business-led R&D

Policy Objectives

The tool relates to research and development activities led by businesses. The objectives of this tool are to increase New Zealand businesses’ investment in research and development to support increased productivity. The objectives of the Technology New Zealand (“TechNZ”) initiatives will be reviewed as part of the establishment of the Ministry of Science and Innovation.

Initiatives

There are four initiatives available within the tool.

• TechNZ Targeted Grants.
• TechNZ Capability Grants.
• Technology Development Grants.
• Technology Transfer Vouchers.

Common Eligibility Criteria

The following eligibility criteria are common to each of the four initiatives within this tool, with some variations noted in the detailed descriptions for each initiative.

• Only businesses are eligible to receive funding via this tool.

• A business must be a person or entity that is in business and resident in New Zealand:

  • For those initiatives where a group of businesses are applying together, each of the businesses involved must meet these criteria.
  • For those initiatives where a business or businesses nominate a representative to receive the funding, the business or businesses must meet these criteria. A nominated representative does not need to meet these criteria.

• Businesses may not be an entity established under the Education Act 1989, Crown Research Institutes Act 1992, Local Government Act 2002 or the New Zealand Public Health and Disability Act 2000; or an entity that is 50% or more owned by one or more of those types of entities.

  • For those initiatives where a group of businesses may receive funding together, such groups may not include one or more of the above types of entities; and
  • For those initiatives where a nominated representative may receive funding, these entities may, however, act as nominated representatives.

• For initiatives where a nominated representative may receive funding, the nominated representative may only receive funding when the Foundation is satisfied that those funds will ultimately be used or applied by or for the benefit of the nominating business or businesses.

1. Technology New Zealand Targeted Grants

Policy Objectives

The objectives of this initiative, in addition to the overall objectives of the Business-led R&D tool, are to:

• grow business investment in research and development in areas of government priority
• improve the ability of businesses to develop new or more sophisticated technologies.