7 FEBRUARY 2013 NEW ZEALAND GAZETTE, No. 13 439

CRITERIA TO BE APPLIED

In making funding decisions, Callaghan Innovation must:

• make funding decisions consistent with the following:

  • The Public Finance Act 1989; and
  • the "Description of Funds within Vote Research, Science and Technology" within the Supplement to the New Zealand Gazette, 31 January 2011, No. 9, page 177.

• make funding decisions consistent with the criteria specific to each investment tool, which are:

  • Objective of the tool
  • Eligibility criteria
  • Judgement criteria
  • Weightings for judgement criteria
  • Parameters specific to the tool.

In addition to the criteria listed above, Callaghan Innovation must take into account the overall mix of relevant investments.
Detailed criteria specific to each investment tool are set out in more detail in the following pages.

ADMINISTRATIVE PROCESSES

Callaghan Innovation may issue standing or periodic calls to generate proposals for consideration. The calls for proposals will be consistent with the criteria above, and will provide guidance for applicants. This guidance may include, where applicable:

• the area(s) of investment in which a funding decision is required
• more detail as to how the criteria in this notice apply to the area of investment
• the investment tool (or initiative within the investment tool) to be used
• the amount of funding available
• specific outcomes sought for a given investment process or decision
• other timeline and process information.

Calls for proposals will be published on the Callaghan Innovation website
www.callaghaninnovation.govt.nz

Criteria Specific to Investment Tools

BUSINESS-LED R&D TOOL

OVERALL POLICY OBJECTIVE

The business-led R&D tool relates to research and development activities led by businesses. The objective of this tool is to increase New Zealand businesses’ investment in research and development to support increased productivity.

INITIATIVES

Four initiatives sit within the business-led R&D investment tool.

1. TechNZ Targeted Grants.
2. TechNZ Capability Grants.
3. Technology Development Grants.
4. Technology Transfer Vouchers.

Criteria relating to each are set out in following sections.

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; and
• improve the ability of businesses to develop new or more sophisticated technologies.

ELIGIBILITY CRITERIA

• Only a business or a group of businesses are eligible to receive funding via this tool. A business or group of businesses may nominate a representative to receive funding.

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

  • where a group of businesses are applying together, each of the businesses involved must meet these criteria.
  • 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 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, and:

  • where a group of businesses may receive funding together, such groups may not include one or more of the above types of entities; and
  • 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 Callaghan Innovation 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.