✨ Research and Development Funding Criteria
31 JANUARY 2011 NEW ZEALAND GAZETTE, No. 9 183
Disability Act 2000; or an entity that is 50% or more owned by one or more of those types of entities, and:
o where a group of businesses may receive funding together, such groups may not include one or more of the above types of entities; and
o where a nominated representative may receive funding, these entities may, however, act as nominated representatives.
- Where a nominated representative may receive funding, the nominated representative may only receive funding when the Board is satisfied that those funds will ultimately be used or applied by or for the benefit of the nominating business or businesses.
Research and development projects that significantly increase a business’s technological expertise are eligible to receive funding under this tool.
JUDGEMENT CRITERIA
The Board must assess proposals against the following criteria:
| Benefits to New Zealand | Risk or Success factors |
|---|---|
| A. Investment returns | B. Pathway to market (commercial outcomes) |
| Key Question: Assuming this project is successful, what are the potential commercial returns to the business and the benefits to New Zealand? | Key Question: What is the likelihood the business will successfully commercialise the new technology? |
| C. Technical stretch and capability building | D. Ability to deliver (R&D outputs) |
| Key question: Will the research be technically challenging for the business and build capabilities of potential future benefit for the business and New Zealand? | Key question: What is the likelihood the project will deliver the R&D results? |
WEIGHTINGS FOR JUDGEMENT CRITERIA
The Board must apply the following weightings to the above judgement criteria.
| Assessment criteria | Weighting (%) |
|---|---|
| A. Investment Returns | 30 |
| B. Pathway to market | 30 |
| C. Technical stretch and capability building | 20 |
| D. Ability to deliver | 20 |
PARAMETERS SPECIFIC TO THIS INITIATIVE
- The Board must consider the level of co-funding to be provided by the recipient in the case of every grant. On average across the total amount of Technology New Zealand Targeted Grants the funding allocated by the Board must not be more than 50% of the proposed cost of research and development.
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Innovation Board Criteria for Assessing Research, Science and Technology Funding Proposals
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