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Wayne Mapp

15 August, 2011

New grants highlight importance of science and innovation

A new round of technology grants to 19 businesses emphasizes the importance the Government attach to Research, Science and Technology, says Science and Innovation Minister, Dr Wayne Mapp.

The $50 million in Technology Development Grants are the second round of grants since the scheme was announced as part of Budget 2010.  That Budget provided a $321 million boost in Research Science & Technology activities.

“The first round of these grants totalled $92.6 million to 26 businesses, and were announced in December 2010,” says Dr Mapp.

“The only way we can create the jobs, higher incomes and better living standards New Zealanders deserve is through building faster and sustainable economic growth.  Research Science and Technology will help achieve that that goal.

“To that end, it is vital that high-tech, exporting companies maintain their competitive edge in global markets.”

The latest series of grants range from between $300,000 and $5.9 million. All of the grants are over three years, and will give the companies more financial certainty over that period. They will be able to speed up the development of innovative products and services and get them to market faster.

Manufacturing, biotechnology, medical technology, electronics, agri-technology, and software development business are all recipients of today’s grants.

The grants are valued at 20 per cent of the R&D spend of each business, up to a maximum of $2.4m per year for three years.

The latest recipients of the grants are:

Business name and specialty

Location

Approved maximum investment (GST excl.)

Actronic: Electronic measurement and control products and software-productivity solutions such as hydraulic weighing systems.

Auckland

$1,901,514

Agility CIS: Advanced customer management systems for major utilities supplying electricity, gas, water and telecom services to retail customers

Auckland

$300,000

Ancare Scientific: Animal health products,  expertise in API sourcing, drug formulation, clinical testing, regulatory affairs and manufacturing

Auckland

$5,000,000

Argenta: Innovative products to improve the welfare of animals

Auckland

$4,682,000

Atlantis Healthcare Group: Design and implementation of patient support and adherence programmes

Auckland

$1,946,600

AuCom Electronics: Motor and machine performance; soft starters, motor control centres and medium voltage switchgear

Christchurch

$2,356,000

BBC Technologies: Specialist sorting and packing equipment for the small fruits and vegetables industry globally

Ohaupo

 

$741,704

Buckley Systems: Precision electromagnets, ion beam physics hardware and high-vacuum equipment used in silicon chips and touch screens

Auckland

$3,500,000

Core Technology: Software solutions for business and IT departments

Wellington

$629,400

Energy Mad: Energy-saving light bulbs that replace incandescent and halogen bulbs and fittings

Christchurch

$1,150,000

Mako Networks: Network management solutions for small businesses and branch offices

Auckland

$4,321,000

Nautech Electronics: Electronic equipment for aviation, marine, military, security and emergency services

Auckland

$532,253

NextWindow: Optical touch screen technology for major electronics manufacturers

Auckland

$5,931,667

Open Cloud: Real-time Telecom Application Server (TAS) for the management of person-to-person communications services

Wellington

$2,394,920

Rissington Breedline: Genetically superior sheep & cattle breeds and reliable supply chains for the farming and food industries

Rissington (Hawke’s Bay)

$661,165

RJ Hill Laboratories: Laboratory tests for domestic and international markets

Hamilton

$1,376,700

Technopak:  Hygienic bulk dry powder packaging lines for the dairy and pharmaceutical industries

Auckland

$729,791

Wherescape: Data warehouse planning software and support

Auckland

$650,000

Xero:  Online accounting software

Wellington

$4,040,000

The amounts listed in the table are GST exclusive and represent the maximum funding approved for the three year period. The final amount businesses will receive depends on their actual R&D expenditure over the next three years.

  • Wayne Mapp
  • Science and Innovation