✨ Technology Development Grant Criteria
3. Technology Development Grant
POLICY OBJECTIVES
The objective of this initiative, in addition to the overall objectives of this tool, is to improve New Zealand’s economic performance by increasing the total level of the investment made by high technology New Zealand businesses in research and development.
ELIGIBILITY CRITERIA
Only individual 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.
- Businesses may not be an entity established under or governed by the Education Act 1989, Crown Research Institutes Act 1992, Local Government Act 2002, Local Government (Auckland Council) Act 2009, 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.
Entities that conduct or commission research and development activities mainly for other persons or businesses are ineligible for Technology Development Grant funding, even if they meet the requirement to be ‘in-business’.
In addition to the eligibility criteria above, to be eligible to receive funding a business must:
- have a track record of reasonable spend on research and development activities relative to the revenue of that business (R&D intensity)
- be able to meet due diligence requirements to a standard sufficient to justify a three-year investment from government (including, but not limited to financial viability and suitable management capability)
- have a research and development programme that aligns with the aspirations of the business around growth and is likely to generate wider benefit to New Zealand.
JUDGEMENT CRITERIA
The Board must assess proposals against the following criteria:
| A. Business and R&D track record | B. Business and opportunity |
|---|---|
| Key question: Does the business have a successful track record in delivering and exploiting R&D? | Key Question: Is this an aspiring business with an ambition to grow through investment in R&D? |
| C. R&D programme | D. Benefit to New Zealand |
|---|---|
| Key Question: How will the R&D programme (and the Grant) contribute to achieving business outcomes? | Key Question: What are the likely benefits to New Zealand from the business’s R&D programme? |
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NZ Gazette 2011, No 9
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Technology Development Grant Criteria
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🎓 Education, Culture & ScienceResearch, Development, Funding, Business, Technology, Economic Performance, Eligibility, Judgement Criteria