Menu
New tech incubators to receive support and funding from Callaghan

New tech incubators to receive support and funding from Callaghan

The technology-focused incubators will have access to the pilot repayable grant programme announced in Budget 2013.

Three new technology-focused incubators has been approved by the Callaghan Innovation Board to join the existing five founder-focused incubators.

The technology-focused incubators will have access to the pilot repayable grant programme announced in Budget 2013.

“The response from the market has been really positive, with a considerable number of high quality applications from across New Zealand,” says science and innovation minister Steven Joyce.

“It has been encouraging to see a number of new applicants entering the incubation space and the keen interest in the new technology incubators.”

The technology-focused incubators are PowerHouse (Auckland, Wellington, Christchurch, Dunedin), Astrolab (Auckland) and WNT Ventures (Tauranga).

The founder-focused incubators are The Icehouse Ltd (Auckland), The Bio Commerce Centre (Palmerston North), Creative HQ Ltd (Wellington), eCentre Ltd (Auckland) and Soda Inc Ltd (Hamilton)

Callaghan Innovation and the successful applicants are now in contract negotiations.

“Collaboration bodes well for developing and growing new companies in our high tech sector, which is crucial to growing our economy. If we can work smarter across industries and improve our access to innovation we will have a competitive edge in this dynamic and challenging sector,” Joyce says.

The Incubator Support Programme from Callaghan Innovation will offer support and funding to both the existing founder focused incubator model and the new technology focused incubators.

Read more: NZ tech incubators to have access to grants programme

Technology-focused incubators are privately owned businesses that will focus on commercialising complex intellectual property primarily sourced from publicly funded research organisations, such as universities and Crown Research Institutes.

Technology-focused incubators will be able to access a new repayable grants tool on behalf of the start-up companies they incubate. These grants will be administered by Callaghan Innovation.

The Government will contribute up to $450,000 over two years to eligible companies resident in technology-focused incubators, matched 1:3 with incubator owners contributing up to $150,000. The Government grants will be repayable out of the company’s revenue.

This pilot repayable grants programme has been allocated $31.3m over four years.

Read more: EstarOnline targets growth in NZ and Oz


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Government ICTSteven JoyceNZ GovernmentCallaghan InnovationBudget 2013icehouseCreative HQAstrolabWNT VentureseCentreSodaPowerHousebusiness incubatorsCallaghan Innovation BoardBio commerce centretechnology incubatorsincubator support programmegrants programme

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments