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Undertake Research and Development projects BIGGER, BETTER and FASTER than you otherwise would.
Project funding provides support for potential growth businesses to undertake research and development (R&D) projects to develop new technology products, processes or services, including IP and freedom to operate.
Funding can be awarded to a range of companies, from early stage to mature, and across a broad range of sectors. Co-funding for projects is available towards the costs of technically challenging R&D projects, generally at a rate of 50%. These projects must lead to business growth.
When assessing potential project funding applications we look at the following aspects:
- Is there a technical challenge/technology stretch for the proposed activity?
- Will the project outcome result in a competitive advantage?
- Are the returns on investment sound?
- Do you have a strong position and clear pathway to your target market?
- Do you understand your intellectual property (IP) position and have a strategy for this?
- Do you have the right expertise internally and/or externally for the project?
- Is your business financially robust?
Projects are assessed individually, but can range from $1,000 to $1 million plus.
Project Funding cannot be used for:
- Business as usual activities
- Patent filing costs
- Generic business planning activities
How to apply for Project Funding Grants:
- Call Venture Taranaki on (06) 759 5150 or email countmein@venture.org.nz
- Discuss your project or new product ideas in confidence with a Business Advisor
- Apply for funding
- Funding decision is made
- If successful, a contract is established
- Project is undertaken and payment is made
- Success is evaluated
For more information about Project Funding visit TechNZ’s website. If you’re interested in learning more about Project Funding or have an R&D project you’d like to discuss contact Venture Taranaki’s Business Advisor Zara Ryan, zara@venture.org.nz or 06 759 5165.
Other funding available is:
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