Auckland Tourism, Events and Economic Development assists companies in the Auckland North region to build capability in research and development and undertake small, medium and large R&D projects with Government investment support.
Auckland Tourism, Events and Economic Development is a regional partner, delivering the TechNZ business investment programme on behalf of the Foundation for Research, Science and Technology. We provide fast, readily accessible advice to smaller, local companies. We work with businesses undertaking early stage, feasibility or small R&D projects, or first-time R&D companies, and we are involved in approving investments up to NZ$30,000.
What is TechNZ?
TechNZ is the business investment programme of the Foundation for Research, Science and Technology. TechNZ provides up to $50 million each year to businesses to discover and develop new technologies, and build people’s skills and knowledge to carry out leading edge research and development.
TechNZ helps world class companies innovate and grow. They invest in technology for new products, processes and services and they invest in knowledge and skills to improve R&D capability.
What kind of Business does TechNZ support?
Support is targeted at key sectors of the economy with strong growth potential and at high growth companies that are exporting or moving towards exporting. The four targeted sectors are:
Specialised manufacturing
Food and beverage
Biotechnology
Information, communication and technology
TechNZ provides flexible funding support in two areas – technology projects, and capability funding.
Technology investments provide co-funding to help firms do high-risk, advanced R&D projects that they could not manage to undertake with their own resources. Technology funding can be used for companies developing new products, processes and services.
Capability investments provide funding and expert advice to improve technical knowledge and the ability to undertake R&D. Capability funding supports the development of people’s R&D skills and ability through engaging mentors, experts, employing young scientists and researchers and providing access to technical skills development.
These two areas are flexible and they are able to support a broad range of activities that help companies innovate and grow. TechNZ funding enhances the outcome from these projects; bigger, better, faster.
How does my Business qualify for a TechNZ Investment?
Eligible firms are a person or entity that is in business and resident in New Zealand and registered for GST. Firms that are more than 50% owned by CRIs, local government or educational and health institutions are excluded.
Have any North Shore businesses received a TechNZ Investment?
Yes! TechNZ has invested in 12 of animal healthcare product developer Ancare 's R&D projects over the past 14 years, providing support for the company’s development of new base technologies. You can read about Ancare's success HERE.
Your first step to accessing the TechNZ investment programmes is to contact Chris Lock on 09 414 1346 or to email CLICK HERE.
