NEW ZEALAND GAZETTE, No. 132 — 3 DECEMBER 2015

• If a business has previously received an R&D Growth Grant then they will receive 20 per cent funding of eligible R&D expenditure for the entire Project Grant;

• If a business has previously received R&D Project Grants totalling more than $\$800,000.00$ of funding they will receive 20 per cent co-funding for the entire Project Grant; and

• Collaborative R&D projects will typically receive co-funding for up to 40 per cent of the eligible R&D expenditure of the collaborative project. However, if a business with an R&D Growth Grant contributes to a collaborative R&D project they will only receive co-funding for a maximum of 20 per cent of their eligible R&D expenditure on top of their R&D Growth Grant.

Judgement Criteria

Callaghan Innovation must assess proposals against the following criteria:

A. Private Investment Returns

Key question: Assuming the project is successful, what are the potential commercial returns to the business (or group of businesses)?

B. Pathway to market (commercial outcomes)

Key question: Assuming the technical aspects of the project are successful, how capable will the business (or group of businesses) be at successfully commercialising or implementing the results?

C. Ability to deliver (R&D outputs)

Key question: How capable will the business (or group of businesses) be at successfully delivering on the technical aspects of the project?

D. Develop R&D Programme

Key question: To what extent will the project be a technical stretch for the business (or group of businesses) and/or contribute to the development of a more stable and substantial New Zealand-based R&D programme within the business (or group of businesses)?

E. Grant Impact

Key question: How strong will the impact of grant funding be on the delivery, scale, quality or commercial success of the project?

F. Benefits Outside the Business

Key question: How much potential is there for benefit to accrue outside the business (or group of businesses) to other New Zealand businesses or society?

• Criteria A–F must be the basis upon which Callaghan Innovation determines whether to provide a grant for a project.

Information Specific to This Initiative

• R&D Project Grants are targeted at businesses that cannot receive an R&D Growth Grant, for example, businesses with smaller research and development programmes and businesses new to R&D.

• A business may receive multiple R&D Project grants (each grant for a distinct project).

3. Research and Development (R&D) Student Grants

Policy Objective

The objective of this initiative, in addition to the overall policy objective of the business-led R&D tool, is to support New Zealand undergraduate and postgraduate students to gain and develop their technical skills in a commercial research environment, while bringing capability into New Zealand businesses.

Eligibility Criteria

In addition to the Business Eligibility Criteria stated earlier, to be eligible to receive funding under this initiative, a business must:

• Have an active R&D programme.
• Ensure that the student(s) that the grant relates to:
  • is a science, technology, engineering, design or business student from a tertiary education institution;
  • is studying a degree at NZQA Levels 7–10 or equivalent; and
  • has appropriate immigration status at the time of application (or an application in progress that is