Menu
​Govt targets Kiwi start-ups with three new tech accelerators

​Govt targets Kiwi start-ups with three new tech accelerators

Callaghan Innovation will run three new accelerator programmes to help develop early-stage start-up businesses in 2017.

Science and Innovation Minister Steven Joyce

Science and Innovation Minister Steven Joyce

Callaghan Innovation will run three new accelerator programmes to help develop early-stage start-up businesses in 2017, Science and Innovation Minister Steven Joyce has announced.

Joyce said the three programmes will focus on the financial technology, digital technology and energy sectors, and are being funded from the $3 million for new accelerators set aside in the Innovative New Zealand package in Budget 2017.

“The New Zealand tech sector is growing rapidly and making a big contribution to our strengthening economy,” he said.

“These accelerators are all about growing the next generation of high-tech Kiwi start-ups.”

Joyce said the first new accelerator, the Kiwibank FinTech Accelerator, will be run through Creative HQ in Wellington, after it successfully tendered for support from Callaghan Innovation.

The IceHouse Digital Technology Accelerator will offer up to $100,000 of seed investment in addition to the six month programme providing mentoring, global connections and further funding.

The third accelerator will be dedicated to start-ups in the energy sector and will also be delivered by Creative HQ - the programme is in the early stages of planning and Callaghan Innovation is talking with industry partners on challenges faced by the sector that could be addressed through the programme.

“Accelerators are proven around the world to create the conditions to get early-stage businesses to the point where they can grow, attract capital and generate revenue under their own steam,” Joyce added.

“They provide mentoring, inspiration and structural support for business development, while also stress-testing the founders’ business model to expose gaps that need addressing.”

In addition, Callaghan Innovation also recently confirmed two years of additional funding for the extension of the technology incubator pilot with existing providers Astrolab, Powerhouse Ventures and WNT Ventures.

“Later this year Callaghan will be running open tenders for both accelerator and founder incubator funding that begins next July,” Joyce added.

“Running these processes together recognises that some providers offer both types of services.

"High growth start-ups are key contributors to the Government’s goals for growing business R&D and exports and making the most of the digital economy.”


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags Steven Joycegovernment

Featured

Slideshows

HP channel recognised at 2017 Partner Awards

HP channel recognised at 2017 Partner Awards

The HP Partner Awards 2017 at Shed 10 kicked off with an AMD-sponsored hackers lounge, a mysterious gaming style area filled with dry ice and red lasers, the waiters wearing Mr Robot style masks.

HP channel recognised at 2017 Partner Awards
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments